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Now, correspondence between residents, some of the richest and most influential people in the world, reveal thorny arguments over how to remedy the problems without tanking property values. “I was convinced it would be the best building in New York,” said Sarina Abramovich, one of the earliest residents of 432 Park. “They’re still billing it as God’s gift to the world, and it’s not.”
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Abramovich and her husband, Mikhail, retired business owners who worked in the oil and gas business, bought a high-floor, 3,500-square-foot apartment at the tower for nearly $17 million in 2016, to have a secondary home near their adult children.
She was disappointed with her purchase on day one, she said, when she left her home in London in early 2016 to move into what she expected to be a completed apartment, and found that both her unit and the building were still under construction. “They put me in a freight elevator surrounded by steel plates and plywood, with a hard-hat operator,” she said. “That’s how I went up to my hoity-toity apartment before closing.” Problems escalated from there, she said.
Ed. - "Oh!! I NEVER!!! My brand new apartment 1,000 feet above the lowly plebians was . . . still . . . under . . .. construction!!!!"
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The tension in the building has been simmering for years, Abramovich said. “Everybody hates each other here,” she said, but, for the most part, residents want to keep the squabbling out of the public eye. But Abramovich, who, because of COVID-19 travel restrictions, has been living at 432 Park full time, said she wasn’t worried that resale value might suffer, because she didn’t buy the unit to flip for profit. For refusing to cover the recent increase in common charges, she said she faces $82,000 in late fees and interest — more than twice the median household income in the Bronx.
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http://realestate.boston.com/news/2021/02/03/432-park-ave/
= new reply since forum marked as read
