Residents of luxury condos at 432 Park Avenue in NYC have great views in a compromised building

Photos by Retiring Guy (9/14/2017)

New York Times, 5/4/2025

Dionne Searcey and Stefanos Chen report:

Condo board members say that CIM Group and other developers of 432 Park Avenue failed to alert potential buyers and city inspectors about the severity of cracks in the signature white concrete facade that also “acts as a critical component of the building’s structural support,” according to a new lawsuit. The building opened in 2015. 

The suit, filed late last month in State Supreme Court in Manhattan, also names as defendants an engineering firm and an architectural firm tied to the building’s construction. The board seeks damages exceeding $165 million, including “the diminution in value of the building and its units.”

Apparently, nothing has been done during the past 4 years.

New York Times, 2/4/2021