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 Update Property Description for Tax Class 1 Properties  NYC Gov 2015

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432 Park Avenue designed by Rafael vi only is the tallest residential tower in the Western Hemisphere 157 designed by Pritzker Prize winning architecture Sean DAT ports a park has service run by Hyatt 5-star staff from their Park Ave Hotel this is billionaires row a stretch of new super tall residential skyscrapers with multimillion-dollar apartments in midtown Manhattan but many of these 100 million-dollar apartments that have been purchased now sit empty and their owners pay less in property taxes than the average New York City homeowner these apartments are a safe investment they're also lucrative not only because the New York City housing market keeps climbing upwards with a fifty-two percent price increase in new developments over the past five years but also because they don't cost a lot to maintain and that's because their taxes are so low the billionaires who own these apartments are paying a tiny fraction of the taxes that they'd be paying if they lived in a regular apartment

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