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

Koji Uerhara Signs 2-Year, $18M Deal With Boston Red Sox
Koji Uerhara Signs 2-Year, $18M Deal With Boston Red Sox
The Boston Red Sox signed closer Koji Uerhara to a two-year, $18 million deal on Oct. 30.
 
 
Lahiri hoping for memorable debut at WGC-HSBC Champions
Shanghai, Oct 31 (IANS) India's Anirban Lahiri will be hoping for a memorable debut when he takes his place among the game's elite at next week's $8.5 million WGC-HSBC Champions.
 
 
Corinthians, Fluminense to meet Bundesliga pair in Florida Cup
Rio de Janeiro, Oct 31 (IANS) Brazilian football clubs Corinthians and Fluminense will compete against Germany's Bayer Leverkusen and FC Koln in the Florida Cup in January.
 
 
Rio launches Olympic stadium tender
Rio de Janeiro, Oct 31 (IANS) Rio de Janeiro has launched a tender for a 52 million-real (about $21.8 million) revamp of the city's 2016 Olympic athletics stadium.
 
 
 

Latest from the Network

Apple Outsmarts Samsung in Terms of Revenue Generation
Samsung can sell more products, but it doesn’t mean that it will earn more profit, as Apple overtakes the Korean giant with respect to the earnings.According to the Cult of Mac, Samsung earned a profit of $3.8 billion...
Read more on Apple Balla
 
Apple Declares Not to Remove PCalc iOS Calculator Widget
The PCalc iOs calculator widget is free from the risk of being removed, as Apple decides not to drop it from the App Store.According to Tech Crunch, the officials of Apple have confirmed about the move, stating that it...
Read more on Apple Balla
 
Seth Rogen to Act as Steve Wozniak in the Steve Jobs’ Movie
Seth Rogen has got an important role in the biopic of the late Apple co-founder Steve Jobs, as he has been selected to play as Steve Wozniak.According to the Variety, Rogen will be advised directly by Steve Wozniak, the...
Read more on Apple Balla
 
Ponzy schemer cheats residents of $22 mn, gets 15-year jail
Washington, Oct 31 (IANS) If you have been one of those approached by some 'known' person for investing in something with an assurance of 'easy money', you may benefit reading about this Ponzi schemer jailed in the US...
Read more on Politics Balla
 
Burkina Faso's president quits, army chief takes power (Roundup)
Ouagadougou, Oct 31 (IANS) Burkina Faso's army chief Gen. Nabere Honore Traore assumed power Friday after President Blaise Compaore announced his resignation following violent protests against his attempt to extend...
Read more on Politics Balla
 
Spanish government challenges Catalonia's symbolic vote on independence
Madrid, Oct 31 (IANS/EFE) Spain's government Friday challenged Catalonia's decision to hold a symbolic vote Nov 9 as an alternative to a referendum on independence stalled by the Constitutional Court. The government...
Read more on Politics Balla
 
Myanmar roundtable summit discusses political issues
Nay Pyi Taw, Oct 31 (IANS) Myanmar's first five-party roundtable summit held in the Presidential Palace here Friday discussed some key political issues in the country, presidential spokesman U Ye Htut said at a press...
Read more on Politics Balla
 
Jake Gyllenhaal saves outrageous clothes for Halloween
Jake Gyllenhaal always wears his ''sl***iest outfit'' every Halloween. The 33-year-old actor has revealed his dad, director Stephen Gyllenhaal, is ''obsessed'' with Halloween and throughout his childhood Jake and his...
Read more on Celebrity Balla
 
Katie Holmes would tell her younger self to 'relax'
Katie Holmes would tell her younger self to ''relax''. The 35-year-old actress, who has eight-year-old daughter Suri with ex-husband Tom Cruise, claims she never believed she could carve out a career in Hollywood while...
Read more on Celebrity Balla
 
Joshua Jackson calls Diane Kruger his wife
Joshua Jackson calls Diane Kruger his wife. The 'Affair' star, who previously admitted he and his German girlfriend of eight years are unlikely to ever marry, doesn't like referring to the blonde beauty as his...
Read more on Celebrity Balla