The new buyers are “seemingly unfazed” by the ongoing $125 million legal battle between residents and developers, according to Olshan Realty.
Despite being one of the most luxurious buildings in the world, 432 Park has also been plagued with problems.
In September, the condo board filed a $125 million lawsuit against developers CIM Group and Macklowe Properties, Insider’s Heather Schlitz reported.
The building was completed in 2015. But starting in 2016, residents started complaining about numerous construction flaws that led to flooding, electrical explosions and even noise issues caused by the swaying of the building, according to The New York Times.
According to court caseCIM Group Chairman Richard Ressler (who owns a unit in the building) “admitted that the noise and vibration problems are ‘intolerable’, making it difficult to sleep during even moderately inclement weather periods”.
“What was promised as one of the finest condominiums in the city was instead delivered riddled with over 1,500 construction and design flaws identified for the building’s common elements alone (leaving aside the numerous flaws within individual units),” the lawsuit continues.
The buyers of the apartment are Yossi and Gaëlle Benchetrit. They own another apartment on the ground floor of the same building, The Wall Street Journal previously reported, citing people familiar with the deal.
Yossi Benchetrit is the Purchasing and Programming Manager of Altis USA, a cable television provider, while his wife Gaëlle is the founder of the aesthetic clinic Clinique des Champs Elysées New York, according to the Wall Street Journal.
The buyers were represented by Jason Haber of Compass. The Benchetrits and Haber did not immediately respond to Insider’s requests for comment.