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Condo owners sue over New York skyscraper they say is riddled with ‘thousands of severe cracks’ | News Channel 3-12

Summary by KVIA
By Oscar Holland, CNN (CNN) — Apartment owners at a luxury New York skyscraper are suing the building’s developers over a “far-reaching fraud” in which they allegedly hid structurally significant defects — including “thousands” of severe cracks on the tower’s facade. The condo board at 432 Park Avenue, a super-skinny high-rise on Manhattan’s Billionaire’s Row, claims that real estate firm CIM Group failed to disclose the extent of damage that ha…

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The 432 Park Avenue was, for a while, the highest residential tower in New York. Designed for a luxury clientele, the skyscraper is targeted by numerous complaints from owners. The owner denies the charges.

·Paris, France
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Condo owners sue over New York skyscraper they say is riddled with ‘thousands of severe cracks’

Apartment owners claim the super-skinny tower’s developers failed to disclose the extent of damage that has resulted in flooding and impacted the value of their multimillion-dollar properties.

·Atlanta, United States
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The developers of 432 Park Avenue, a luxury New York skyscraper where Jennifer Lopez is said to have an apartment, are facing a lawsuit for “extensive fraud.” Residents are complaining that significant defects, including “thousands of serious cracks,” were concealed in the building’s facade.

·Belgium
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The owners of apartments in a luxury New York apartment building sued the developers in April for a series of construction defects that they discovered in the building. They accuse them of "far-reaching fraud". This is not the first lawsuit concerning the building. The latest complaint shows that the skyscraper has, among other things, many cracks. The residents are demanding a huge compensation - reports CNN.

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CNN broke the news in Atlanta, United States on Thursday, May 15, 2025.
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