World's most expensive condo building is a mold
The New York
Post, Jan. 7, 2003
NEW YORK — The world's most costly condominium
building has become a mold 'slum' that millionaires are fleeing in
The New York Post reported that one owner of a
$10-million-plus condominium, Richard Kramer, in the 43-story tower in New
York City has filed suit.
The residents are allegedly leaving
behind in the building — tabbed by the Post as the world's most expensive
and in which the cheapest apartment/condominium sells for $8 million —
priceless artifacts they believe are contaminated with mold.
suit against the developer of the building at 515 Park Avenue, the
Zeckendorf brothers, alleges mold contamination in the building disabled
Kramer's three-year-old daughter and his wife, and left the building an
"opulent slum," the Post reported.
The suit claims building
personnel did nothing to remediate the mold or its' alleged causes, which
include leaky windows and pipes.
Another multimillion dollar
lawsuit is pending against the developers as well as architects and
contractors who built the tower.
The Post reported that all seven
of the apartments and condominiums tested were found to be contaminated by
mold, with mold levels in two so dangerous the owners had to move out
The report comes at a time when officials are still
debating the health impacts of mold contamination and several states are
considering caps on mold contamination insurance claims.
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