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Luxury Lawsuit

The Alexander, home of a $67 million lawsuit (image via Google Maps)

Aug. 3, 2016

A luxury highrise condo building known as The Alexander has been standing at the corner of Second Avenue and East 49th Street for nearly a decade now, but it’s still a cracked, crumbling, leaky, overpriced mess, according to a $67 million lawsuit filed last week by the condo’s unit-owners.

The plaintiffs were promised a building of “premier luxury caliber,” including an Equinox gym, roof decks, marble and bronze elevators, and white-oak flooring. Some of the amenities were never built, the suit alleges, while the construction work was so shoddy that there are cracks and leaks on the roof, terraces and balconies, the New York Post reports.

Best of all, the suit claims, developer Alexander Gurevich stacked the original condo board with cronies, who failed to pay the building’s water and sewer bills for five years. Now unit-owners are stuck with a $320,000 water bill, plus $122,000 in interest.

“The board felt it was very necessary to pursue these claims based on the various conditions alleged in their complaint,” says the board’s lawyer, Steven Sladkus, of Schwartz Sladkus Reich Greenberg Atlas.

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