Why are NYC Upper East Side residents upset about a $492,000 payout?

Residents are angry because their building's board allegedly paid $492,000 to neighbors for water damage without sufficient proof or transparency.

What caused the water damage in the Switzer's Upper East Side apartment?

Gina and Lou Switzer claimed the water damage in their luxury unit occurred from leaks during facade work testing on the building.

Did the building board consider insurance for the $492,000 payout?

Yes, the board's attorney stated that paying the couple was deemed preferable to pursuing a large insurance claim.

Home / Crime and Justice / NYC Condo Board Pays $492K for Water Damage, Sparking Outrage

NYC Condo Board Pays $492K for Water Damage, Sparking Outrage

13 Dec

•

Summary

Building board paid $492,000 for neighbor's unit repairs.
Residents are furious over the payout, demanding proof of damage.
The couple received the funds for leaks from facade work testing.

NYC Condo Board Pays $492K for Water Damage, Sparking Outrage

A significant financial dispute has erupted among residents of a luxury condominium on Manhattan's Upper East Side. The building's board reportedly approved a $492,000 payout to homeowners Gina and Lou Switzer to address alleged water damage in their unit, covering repairs to cabinetry and flooring. This decision has ignited fierce opposition from other residents, who are demanding transparency and evidence of the damage.

Communication unearthed in a lawsuit shows neighbors expressing deep frustration, questioning the exorbitant sum and the lack of documentation. One resident's text message highlighted the community's disbelief, stating, 'No one would get away with getting $492,000 and not having photos of damage.' The Switzers, identified as owners of a unit purchased for $5.9 million in 2009, stated the damage was caused by leaks during facade work testing.