Jennifer Lopez and Alex Rodriguez bought a 4,000-square-foot apartment there for $15.3 million in 2018, and sold about a year later. The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks. The tower is segmented into 12-story blocks separated by open double-story mechanical spaces that allow wind gusts to pass through the building. The 96th floor penthouse at the top of the building sold in 2016 for nearly $88 million to a company representing the Saudi retail magnate Fawaz Alhokair. THE nearly 1,400-foot tower at 432 Park Avenue, briefly the tallest residential building in the world, was the pinnacle of New York’s luxury condo boom half a decade ago, fuelled largely by foreign buyers seeking discretion and big returns. The building, a slender tower that critics have likened to a middle finger because of its contentious height, is mostly sold out, with a projected value of $3.1 billion. 432 Park, one of the wealthiest addresses in the world, faces some significant. The disputes at 432 Park also highlight a rarely seen view of New York's so-called Billionaire's Row, a stretch of supertall towers near Central Park that redefined the city skyline, and where the identities of virtually all the buyers were concealed by shell companies. The Down Side To Life In A Supertall Tower: Leaks, Creaks, Breaks - Digg.
Engineers privy to some of the disputes say many of the same issues are occurring quietly in other new towers. A brazen homeowner has listed their condo in the rapidly sinking, and precariously tilting Millennium Tower, which stands 58-stories high, has been dubbed the 'leaning tower of San Francisco' Condo in 'leaning tower of San Francisco' listed for 5.6m. Less than a decade after a spate of record-breaking condo towers reached new heights in New York, the first reports of defects and complaints are beginning to emerge, raising concerns that some of the construction methods and materials used have not lived up to the engineering breakthroughs that only recently enabled 1,000-foot-high trophy apartments. The claims include millions of dollars of water damage from plumbing and mechanical issues frequent elevator malfunctions and walls that creak like the galley of a ship - all of which may be connected to the building's main selling point: its immense height, according to homeowners, engineers and documents obtained by The New York Times. Six years later, residents of the exclusive tower are now at odds with the developers, and each other, making clear that even multimillion-dollar price tags do not guarantee problem-free living. The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks 432 Park, one of the wealthiest addresses in the world, faces some significant design. New York's luxury condo boom half a decade ago, fueled largely by foreign buyers seeking discretion and big returns. The nearly 1,400-foot tower at 432 Park Avenue, briefly the tallest residential building in the world, was the pinnacle of New York’s luxury condo boom half a decade ago, fueled largely by foreign buyers seeking discretion and big returns.
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