432 Park Owners Sue Over 1,500 Structural Defects
Extensive Construction Defects and $165 Million Lawsuit Nearly 1,900 façade cracks and over 1,500 construction defects have triggered a devastating $165 million lawsuit against the developers of Manhattan's ultra-luxury 432 Park Avenue tower. The 2025 legal action represents the second major lawsuit filed against the building's developers, following similar complaints lodged in 2021. Residents face a nightmarish array of structural failures, including visible drywall cracks across walls and ceilings, malfunctioning sliding doors, and persistent electrical circuit breaker problems. The construction concealment allegations strike at the heart of the luxury real estate market's integrity. Plaintiffs claim developers deliberately hid critical façade defects during unit sales, undermining buyer confidence and property values. The extensive lawsuit implications extend beyond financial recovery for unit owners. The condo board seeks punitive damages against CIM Group, Macklowe Pro...