400 THIRD AVENUE HOMEOWNERS ASSOCIATION$7,000,000
Our firm was contacted by the Board of Directors for the 400 Third Avenue condominium high rise. This structure was 17 stories high and contained more than 800 condominium units. This project was advertised and sold as a very high-end residential condominium building with sales prices up to $5 million. The homeowners’ initial complaints largely had to do with water intrusion around the windows, roof and numerous problems with the heating and air conditioning systems. The case was resolved in just 18 months and resulted in the Association having all construction deficiencies addressed, all costs of temporary repairs reimbursed, all expert fees being paid and the attorneys’ fees being paid. This repair-bases settlement had a value in excess of $7 Million Dollars.