Residential
New York

Hold the wrecking ball! Linda Macklowe seeks court order over 432 Park demolition

Harry Macklowe allegedly wants to lop off one-third of her condo

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/432-Park-Avenue-New-York-NY-10022/1012927502-0" target="_blank" data-address="432%20Park%20Avenue%2C%20New%20York" data-label="432%20Park%20Avenue" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F432-Park-Avenue-New-York-NY-10022%2F1012927502-0" data-bbl="1012927502" data-blockValue="01292" data-lotValue="7502" data-zipcode="10022" data-bldgArea="580%2C626" data-bldgDepth="275" data-bldgFront="200" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="34%2C470" data-lotFront="0.79" data-lotDepth="0" data-retailArea="109%2C625" data-resArea="425%2C209" data-officeArea="8%2C873" data-garageArea="10%2C390" data-strgeArea="0" data-factryArea="0" data-otherArea="26%2C529" data-bldgClass="R0" data-primaryZoning="C5-3" data-commercialOverlay="" data-far="10" data-buildable="344%2C700" data-airRights="-235%2C774" data-propertyNeighborhood="Midtown%20Central" data-latitude="40.7615007963244" data-longitude="-73.9717933562149" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F432-Park-Avenue-New-York-NY-10022%5C%2F1012927502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F432-Park-Avenue-New-York-NY-10022%5C%2F1012927502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">432 Park Avenue</a>, Linda and Harry Macklowe (Credit: Emily Assiran)

432 Park Avenue, Linda and Harry Macklowe (Credit: Emily Assiran)

Linda Macklowe’s attorneys are asking a judge to issue a restraining order to halt construction — or in this case, demolition — of her apartment at 432 Park Avenue.

In a lawsuit filed Tuesday, the estranged wife of developer Harry Macklowe said her soon-to-be ex-husband filed plans to lop off one-third of Linda’s 2,663-square-foot apartment, co-opting that space for his own adjacent condominium unit. The plans would leave Linda with a 1,766-square-foot one-bedroom on 78th floor of the supertall tower, developed by Macklowe Properties and CIM Group.

   Related: Harry shrunk Linda’s pad at 432 Park and made his bigger: suit

Thursday’s motion cites the developer’s “outrageous actions,” and seeks the court’s intervention until a final ruling can be made.

“[Linda Macklowe] is being forced to choose between closing on an apartment which is substantially smaller than that which she has contracted to buy – at the full purchase price – and defaulting” on her purchase agreement, according to the filing. Linda Macklowe went into contract on the $14.4 million condo in 2013. Defaulting on the agreement would jeopardize her $2.16 million deposit, according to the filing.

Earlier this week, a spokesperson for the developer said the apartment was “a gift” and that Linda has categorically denied she will live there.

The divorce proceedings have included a forensic analysis of Macklowe’s extensive real estate portfolio and the couple’s valuable art collection — including several pieces by Andy Warhol — which is estimated to be worth up to $1 billion.

Tags
Residential
New York

Hold the wrecking ball! Linda Macklowe seeks court order over 432 Park demolition

Harry Macklowe allegedly wants to lop off one-third of her condo

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/432-Park-Avenue-New-York-NY-10022/1012927502-0" target="_blank" data-address="432%20Park%20Avenue%2C%20New%20York" data-label="432%20Park%20Avenue" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F432-Park-Avenue-New-York-NY-10022%2F1012927502-0" data-bbl="1012927502" data-blockValue="01292" data-lotValue="7502" data-zipcode="10022" data-bldgArea="580%2C626" data-bldgDepth="275" data-bldgFront="200" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="34%2C470" data-lotFront="0.79" data-lotDepth="0" data-retailArea="109%2C625" data-resArea="425%2C209" data-officeArea="8%2C873" data-garageArea="10%2C390" data-strgeArea="0" data-factryArea="0" data-otherArea="26%2C529" data-bldgClass="R0" data-primaryZoning="C5-3" data-commercialOverlay="" data-far="10" data-buildable="344%2C700" data-airRights="-235%2C774" data-propertyNeighborhood="Midtown%20Central" data-latitude="40.7615007963244" data-longitude="-73.9717933562149" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F432-Park-Avenue-New-York-NY-10022%5C%2F1012927502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F432-Park-Avenue-New-York-NY-10022%5C%2F1012927502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">432 Park Avenue</a>, Linda and Harry Macklowe (Credit: Emily Assiran)

432 Park Avenue, Linda and Harry Macklowe (Credit: Emily Assiran)

Linda Macklowe’s attorneys are asking a judge to issue a restraining order to halt construction — or in this case, demolition — of her apartment at 432 Park Avenue.

In a lawsuit filed Tuesday, the estranged wife of developer Harry Macklowe said her soon-to-be ex-husband filed plans to lop off one-third of Linda’s 2,663-square-foot apartment, co-opting that space for his own adjacent condominium unit. The plans would leave Linda with a 1,766-square-foot one-bedroom on 78th floor of the supertall tower, developed by Macklowe Properties and CIM Group.

   Related: Harry shrunk Linda’s pad at 432 Park and made his bigger: suit

Thursday’s motion cites the developer’s “outrageous actions,” and seeks the court’s intervention until a final ruling can be made.

“[Linda Macklowe] is being forced to choose between closing on an apartment which is substantially smaller than that which she has contracted to buy – at the full purchase price – and defaulting” on her purchase agreement, according to the filing. Linda Macklowe went into contract on the $14.4 million condo in 2013. Defaulting on the agreement would jeopardize her $2.16 million deposit, according to the filing.

Earlier this week, a spokesperson for the developer said the apartment was “a gift” and that Linda has categorically denied she will live there.

The divorce proceedings have included a forensic analysis of Macklowe’s extensive real estate portfolio and the couple’s valuable art collection — including several pieces by Andy Warhol — which is estimated to be worth up to $1 billion.

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