David Geffen’s home repairs infuriating his neighbors: suit

Media mogul paid $54M for the 785 Fifth Avenue penthouse in 2012

TRD New York /
Mar.March 22, 2016 09:16 AM

Legendary record label head David Geffen is allegedly making the Parc V rock and roll in all the wrong ways. 

Howard and Gloria Schwartz, who own a unit at the white glove co-op, located at 785 Fifth Avenue, are suing the Geffen Records founder and former DreamWorks SKG boss for $2.5 million over alleged noise and structural damage that has made their lives a “nightmare,” according to the complaint, the New York Post reported.

Geffen bought a duplex penthouse on the top floors of the 19-story building back in 2012, paying $54 million. He received permission to do a gut renovation on the property in 2013.

The billionaire’s team installed two hoists on the 12th floor, just outside the Shwartzs’ apartment, allegedly causing the unit to “rattle and shake,” the Post reported.

The Schwartzs’, both in their 70s, say the work has caused about $2 million in damage to their unit, including “cracks in the gypsum block walls, cracks in and separations of moldings and baseboards, settlement, cracking and lifting of marble floor tiles,” according to the suit.

A total of 17 other Parc V shareholders have submitted claims against Geffen, according to the suit. He’s resolved six of those. [NYP] Ariel Stulberg

Related Articles


Hamptons Cheat Sheet: Price for empty Georgica Pond-front plot once owned by David Geffen slashed to $19.9M … & more

Hamptons Cheat Sheet: Price for Montauk’s Ocean Surf Resort drops to $22M … & more

David Geffen quietly sells 785 Fifth pad to Roman Abramovich’s BFF for $25M

Celebrity real estate: David Geffen’s wet reno, “Mr. Robot” star Christian Slater goes in search of an upgrade … & more

David Geffen claims contractors caused more than $1M in damage to $54M penthouse

Lincoln Center refis ahead of $500M Geffen Hall makeover

David Geffen plans “very complicated” $2M renovation on East End pad

Billionaire David Geffen lists Parc V pad for $28M