The owners also complained about the garbage chute “ that sounds like a bomb” when rubbish is tossed, according to notes from a 2019 owners’ meeting. There have been a number of floods in the building, with two major leaks recorded in November 2018. Residents are complaining about major leaks, significant water damage, mechanical problems with the lifts and unusually loud creaking, banging and clicking noises in their apartments. The tower which shoots up to more than 420m high is riddled with significant design and engineering flaws that’s costing millions in repairs and insurance costs. The 96th floor penthouse at the top of the building sold in 2016 for nearly $US88 million to a company representing the Saudi retail magnate Fawaz Alhokair. Jennifer Lopez and Alex Rodriguez were one couple who bought a 1200sq m apartment in the luxury high-rise for $US15.3 million in 2018, but sold it just a year later.
The Manhattan high-rise on the famously named Billionaire’s Row, which was briefly the tallest residential building in the world when it was constructed in 2015, attracted some of the wealthiest people in the world to live in the exclusive building. Living at 432 Park Avenue in New York – one of the wealthiest addresses in one of the tallest residential buildings in the world – should be the epitome of luxury.īut residents who have paid up to $US88 million for an apartment in the building are up in arms complaining about major construction failures and huge out-of-pocket expenses.
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