The new buyers are “apparently unfazed” by the ongoing $125 million legal battle between residents and the developers, per 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 the developers CIM Group and Macklowe Properties, Insider’s Heather Schlitz reported.
The building was completed in 2015. But beginning in 2016, residents began complaining of numerous construction defects that resulted in flooding, electrical explosions, and even noise issues caused by the building’s swaying, according to The New York Times.
According to the lawsuit, CIM Group’s chairman Richard Ressler (who owns a unit in the building) “admitted that the sound and vibration issues are ‘intolerable,’ rendering it difficult to sleep during periods of even moderately inclement weather.”
“What was promised as one of the finest condominiums in the City was instead delivered riddled with over 1,500 identified construction and design defects to the common elements of the Building alone (leaving aside the numerous defects within individual units),” the lawsuit continues.
The apartment buyers are Yossi and Gaëlle Benchetrit. They own another apartment on the lower floor of the same building, the Wall Street Journal previously reported, citing people familiar with the deal.
Yossi Benchetrit is the chief procurement and programming officer of Altis USA, a cable television provider, while his wife Gaëlle is the founder of the aesthetic clinic Clinique des Champs Elysées New York, per 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.