New York: Tower for the Ultrarich is full of flaws

PostedFebruary 5, 2021 at 8:46 AM

Overlooking Central Park, a skyscraper whose apartments are worth a small fortune accumulates the drawbacks of water damage, elevator problems and creaking walls.

432 meters high, the 432 Park Avenue tower (right) offers a bird’s eye view of Central Park and Manhattan.


It is one of the most select addresses in the world. The residential tower located at 432 Park Avenue, southeast of Central Park, is reserved for ultra-rich with some of the most expensive real estate prices in New York: the penthouse on the 96th and last floor was sold for almost $ 88 million in 2016.

However, paying a small fortune for housing is not a guarantee of all peace. Inaugurated in 2015, this skyscraper is beginning to reveal many flaws, as revealed by “New York Times“. Plumbing problems have caused millions of dollars in water damage, elevators frequently malfunction and walls creak like on a boat. At the end of 2018, two of the four elevators were out of service for several weeks.

These inconveniences would be due to the 425 meters of the tower, according to the owners, engineers and documents consulted by the great New York daily. Such problems could even reoccur on other residential towers of this type, which have multiplied in Manhattan in recent years.

Such a tower is particularly exposed to the power of the wind. On October 31, 2019, a resident even got stuck in an elevator for 85 minutes due to a “strong wind” which stopped the installation, explains an e-mail sent by the management of the building and quoted by the “New York Times”. According to an engineer interviewed by the daily, the oscillations due to the wind can snap cables in the elevator shaft and cause slowdowns or stops.

But one of the most common complaints in this type of skyscraper is noise. The wind can indeed make the metal partitions “squeak”.

In 2019, expenses increased by 40% due to repairs and the increase in insurance premiums, according to the management of the building.


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