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

Dunga sets new code of conduct for Brazil squad
Rio De Janeiro, Oct 24 (IANS) In his bid to revive the Brazil football team, coach Dunga has introduced a new code of conduct for the national squad that includes a ban on baseball caps, earrings, flip-flops and the use of mobile phones during meals.
 
 
Shakhtar striker Adriano earns Brazil call up
Rio De Janeiro, Oct 24 (IANS) Two days after Shakhtar Donetsk striker Luiz Adriano became the second player after Lionel Messi to score five goals in a Champions League match, the 27-year-old received a Brazil call-up as coach Dunga announced squad for two football friendly internationals against Turkey and Austria next month.
 
 
Advani, Gilchrist in title round
Leeds, Oct 24 (IANS) The two best players in the fray, Pankaj Advani and Peter Gilchrist entered the final of the World Billiards Championship (points, 150-up format) with hard-fought semi-final victories here.
 
 
Never wanted to abandon India tour: Marlon Samuels
Kingston, Oct 24 (IANS/CMC) West Indies stroke-maker Marlon Samuels said he never wanted to be part of the one-day team's plan to abandon the tour of India, and revealed he stayed away from most of the players' meetings during the troubled tour.
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla