![]() 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 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. Their building contributed to the density of urban life but. 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. But the supertalls residents, whoever they were, wherever they were, did not know that place. And, have water leaking from the ceiling, get stuck for hours in the elevator, be terrified at night from the howling, swaying building in the wind. You can be a billionaire and live in the penthouse overlooking Central Park. 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 Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks Oh the poetry. ![]() ![]() Engineers privy to some of the disputes say many of the same issues are occurring quietly in other new towers. ![]() 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 Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks 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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