NYC Tower Developers Sued For $125M Over 'Shocking' Flaws

By Craig Clough (September 24, 2021, 10:01 PM EDT) -- The condo boards at a supertall residential building located at 432 Park Ave. in Manhattan sued the developers for $125 million in damages in New York state court Thursday, citing floods, faulty elevators, "intolerable" noise and two electrical explosions while claiming the developer obfuscated and denied the problems for years.

The condo boards at the supertall tower 432 Park Avenue in New York City sued the developers Thursday for $125 million in damages, claiming the property has serious problems and issues. The residential and commercial boards of directors for the property filed the complaint against defendant 56th And Park (NY) Owner...

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