1 Updates
NBA: Houston Rockets Owner Les Alexander Buys $42 M Apartment
Photo Credit: Getty Images

NBA: Houston Rockets Owner Les Alexander Buys $42 M Apartment

Sep 15 2013, 10:59pm CDT | by

Houston Rockets owner Les Alexander bought a duplex penthouse in Manhattan estimated at $42 million.

Houston Rockets owner Les Alexander bought a duplex penthouse in Manhattan estimated at $42 million.  According to the Houston Chronicle, the purchase sets "a record price for a downtown New York...

Filed under: news

YouTube Videos

 
 
 

1 year ago

NBA: Houston Rockets Owner Les Alexander Buys $42 M Apartment

Sep 15 2013, 10:59pm CDT | by

NBA: Houston Rockets Owner Les Alexander Buys $42 M Apartment Photo Credit: Getty Images

Houston Rockets owner Les Alexander bought a duplex penthouse in Manhattan estimated at $42 million.

Houston Rockets owner Les Alexander bought a duplex penthouse in Manhattan estimated at $42 million. 

According to the Houston Chronicle, the purchase sets "a record price for a downtown New York apartment," as confirmed by Douglas Elliman who represented Alexander in the Deal

The five-bedroom duplex is located at 18 Gramercy Park and used to be a former hotel. USA Today's Nick Schwartz notes that the price tag of the apartment is roughly half of what Alexander paid for the Rockets in 1993 which was $85 million.

The penthouse was designed by architect Robert A.M. Stern and occupies 6,330 square feet of interior space and 1,889 square feet of outdoor terraces.   

Schwartz points out the amenities of the Rockets owner's new duplex include a heated infinity pool, sun deck, whirlpool, black onyx powder room, four marble baths, library, gallery, three guest bedrooms and a grand salon with a wood-burning fireplace.

The 70-year-old Alexander has enjoyed two NBA titles with the Rockets and four WNBA titles with the Houston Comets in his tenure as owner, with only three other NBA teams posting more winning seasons than Houston (15) with him at the helm. 

He believes that owning a professional sports team will make a tremendous difference in the community.

"I've always believed that sports teams are in the unique position to make a real difference in their communities. When I bought the Rockets, that was my dream. I hoped to make a difference for the people of Houston, both emotionally and financially."

Among the community service initiatives which he established include the Clutch City Foundation (1995) and Houston HopeFest (2005), the latter was a three-day relief effort which sought to help displaced New Orleans residents who fled when Hurricane Katrina ravaged the city.

He and the Rockets have received several community service awards, including the Pro Team Community, Leadership in Action and Outstanding Business Partnership awards.  

Alexander has an estimated value of $1.2 billion and was named one of the 400 richest people in the United States in 2006. 

 

 

Don't miss ...

 


Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

blog comments powered by Disqus

Latest stories

Sindhu, Prannoy in Macau Open quarters
Macau, Nov 27 (IANS) Two-time World Championships bronze medallist P.V. Sindhu and male shuttler H.S. Prannoy entered the quarter-finals in the singles competitions of the Macau Open Grand Prix Gold at the Tap Seac Multisport Pavilion here Thursday.
 
 
Fact file: Phillip Joel Hughes
Sydney, No Nov 27 (IANS) Australian batsman Phillip Hughes, renowned as an aggressive batsman, was on the verge of reigniting his Test career before he was fatally hit on the head while batting in the Sheffield Shield.
 
 
Cricketing world shocked at Hughes' death (Roundup)
Sydney, Nov 27 (IANS) The cricket world was left stunned Thursday as Australian batsman Phillip Hughes, who was struck on the head by a cricket ball, died in a hospital here.
 
 
Saina, Srikanth seeded 5th, 6th for Super Series Finals
Kuala Lumpur, Nov 27 (IANS) Olympic bronze medallist Saina Nehwal and leading Indian male shuttler Kidambi Srikanth were seeded fifth and sixth, respectively, Thursday for the $1,000,000 World Super Series Finals Dec 17-21.
 
 
 

Latest from the Network

Apple Continues to Depend on Samsung
Apple is still working with Samsung, even with more emphasize, as the tech giant reportedly engages the Korean company to provide different components for the iPhone 6 and the upcoming Apple Watch.According to Mac...
Read more on Apple Balla
 
Modi, Sharif bonhomie gives fresh boost to Saarc (Intro Roundup)
Kathmandu, Nov 27 (IANS) In a final ice-breaking moment that gave a huge boost to Saarc and floundering regional cooperation, Indian Prime Minister Narendra Modi shook hands with his Pakistani counterpart Nawaz Sharif...
Read more on Politics Balla
 
Uneasy calm returns to Ferguson as protests continue nationwide (Roundup)
Washington, Nov 27 (IANS) An uneasy calm returned to Ferguson Thursday after two nights of unrest over a grand jury's decision not to indict a white police officer in the shooting death of an unarmed black teenager in...
Read more on Politics Balla
 
Ricky Martin's twins love touring
Ricky Martin says his twins love going on tour with him. The 'Adrenalina' singer has five-year-old boys Matteo and Valentino and whenever he can he takes them on the road with him because he misses them if he's apart...
Read more on Celebrity Balla
 
Taylor Swift: Mistakes are good for you
Taylor Swift says some of her ''biggest mistakes'' have been her ''best lessons'' in life. The 24-year-old musician insists she always takes the positive from every situation and even though she has had to deal with...
Read more on Celebrity Balla
 
Jessica Alba's dad cooks 'hot n' spicy' turkey
Jessica Alba's dad cooks a ''hot n' spicy'' turkey at Thanksgiving. The 33-year-old actress celebrated the holiday early this year as she's currently filming 'Mechanic: Resurrection' in Thailand and she's revealed her...
Read more on Celebrity Balla
 
Lewis Hamilton and Nicole Scherzinger are too 'young' for babies
Lewis Hamilton and Nicole Scherzinger are too ''young'' to have children. The 2014 Formula 1 champion isn't ready to settle down and start a family with the 36-year-old singer because they are both too busy. Speaking...
Read more on Celebrity Balla
 
How Koirala broke the impasse between India, Pakistan
Kathmandu, Nov 27 (IANS) Nepal Prime Minister Sushil Koirala played a crucial role in ending the impasse between India and Pakistan during the retreat at Dhulikhel near here Thursday on the sidelines of the 18th Saarc...
Read more on Politics Balla
 
Sindhu, Prannoy in Macau Open quarters
Macau, Nov 27 (IANS) Two-time World Championships bronze medallist P.V. Sindhu and male shuttler H.S. Prannoy entered the quarter-finals in the singles competitions of the Macau Open Grand Prix Gold at the Tap Seac...
Read more on Sport Balla
 
British PM faces heat over failure to cut immigration
London, Nov 27 (IANS) With net annual migration soaring to more than a quarter of a million, British Prime Minister David Cameron's promise to reduce the figures has been questioned. Official figures Thursday showed...
Read more on Politics Balla