Alexico is the subject of litigation for its Laurel condo at 400 East 67th Street (left). The off-site sales office at St. Tropez, 1161 First Avenue.

Alexico Group is facing litigation after it allegedly failed to pay
$254,000 in back rent and other charges for an off-site sales office at
the Laurel, its 31-story condominium building at 400 East 67th Street. Since 2007, the Manhattan-based development marketing firm has operated
the Laurel sales and design center at 1161 First Avenue, which is a
street-level commercial space located at the rival St. Tropez condo, on
the corner of 64th Street.
The complaint, filed by the St. Tropez Board of Managers May 27 in New
York Housing Court, alleges the developer — which pays $53,571 per
month in rent — failed to make a payment since January. Alexico, led
by Izak Senbahar and Simon Elias, told the landlord that slow sales at
the Laurel were hurting its ability to make rent payments for the sales
office, according to St. Tropez’s attorney. [more]