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432 Park Avenue Board Sues Developers for $165M Fraud

5/5/2025

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Summary

Story summary

The condo board of 432 Park Avenue alleges developers committed fraud by failing to disclose facade cracks.
The lawsuit, filed in State Supreme Court, demands over $165 million in damages.
Nearly 1,900 defects have been reported, with photos revealing substantial damage.
Opened in 2015, the building contributes to Manhattan's iconic "supertall" skyline.

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Story summary

The condo board of 432 Park Avenue alleges developers committed fraud by failing to disclose facade cracks.
The lawsuit, filed in State Supreme Court, demands over $165 million in damages.
Nearly 1,900 defects have been reported, with photos revealing substantial damage.
Opened in 2015, the building contributes to Manhattan's iconic "supertall" skyline.