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

C.J. Spillman Being Investigated for Sexual Assault
C.J. Spillman Being Investigated for Sexual Assault
Dallas Cowboys safety C.J. Spillman is facing possible sexual assault charges in connection with a Sept. 20 incident at the team's hotel.
 
 
IOC 'satisfied' with Rio 2016 preparations
Rio de Janeiro, Oct 2 (IANS) The International Olympic Committee (IOC) said it was 'satisfied' with the state of preparations for the Rio 2016 Olympic Games.
 
 
Asian Games: Indian women paddlers Manika, Ankita ousted
Incheon, Oct 2 (IANS) Indian women paddlers Manika Batra and Ankita Das lost their respective matches and were knocked out of the women's singles table tennis event of the 17th Asian Games here Thursday.
 
 
Indian women's kabaddi team in final
Incheon, Oct 2 (IANS) Defending champion India stayed on course for their second consecutive Asian Games gold medal in women's kabaddi as they marched into the final, beating Thailand 41-28 in the semi-final at the Songdo Global University Gymnasium here Thursday.
 
 
 

Latest from the Network

UN chief slams terror attacks in Syria
United Nations, Oct 2 (IANS) UN Secretary General Ban Ki-moon has condemned the twin bomb attacks near a school in Syria that killed 31 people. Several children were among those killed in the Wednesday attack in the...
Read more on Politics Balla
 
C.J. Spillman Being Investigated for Sexual Assault
Dallas Cowboys safety C.J. Spillman is being investigated for sexual assault.According to ESPN Dallas' Calvin Watkins and Todd Archer, the alleged incident took place at the Gaylord Hotel on Sept. 20, a day before the...
Read more on Sport Balla
 
Zach Braff defends Kickstarter project
Zach Braff has hit back at criticism of his Kiskstarter project. The multimillionaire actor and filmmaker - who is best known for playing the character of Dr. John Dorian on US sitcom 'Scrubs' - felt his the response to...
Read more on Movie Balla
 
Modi visit very successful: US think tank
Washington, Oct 2 (IANS) Prime Minister Narendra Modi's US visit was "very successful" on many counts as he reached out to various interest groups in the US in unprecedented ways, according to a leading US think tank...
Read more on Politics Balla
 
IOC 'satisfied' with Rio 2016 preparations
Rio de Janeiro, Oct 2 (IANS) The International Olympic Committee (IOC) said it was 'satisfied' with the state of preparations for the Rio 2016 Olympic Games. IOC representatives completed a three-day visit of Rio...
Read more on Sport Balla
 
Asian Games: Indian women paddlers Manika, Ankita ousted
Incheon, Oct 2 (IANS) Indian women paddlers Manika Batra and Ankita Das lost their respective matches and were knocked out of the women's singles table tennis event of the 17th Asian Games here Thursday. Manika was...
Read more on Sport Balla
 
With Modi momentum, US seeks enhanced energy collaboration
Washington, Oct 2 (IANS) With Indian Prime Minister Narendra Modi "providing a new momentum", the US has suggested four areas where India and the US can enhance collaboration in energy and sustainable development. "We...
Read more on Politics Balla
 
Indian women's kabaddi team in final
Incheon, Oct 2 (IANS) Defending champion India stayed on course for their second consecutive Asian Games gold medal in women's kabaddi as they marched into the final, beating Thailand 41-28 in the semi-final at the...
Read more on Sport Balla
 
Obama very pleased with Modi visit
Washington, Oct 2 (IANS) President Barack Obama was "very pleased" with and "enjoyed" Prime Minister Narendra Modi's visit as it reflected the depth of the strong relationship between the US and India, according to the...
Read more on Politics Balla
 
Leonardo DiCaprio won't have a joint birthday party with Kate Winslet
Leonardo DiCaprio refuses to have a joint 40th birthday party with Kate Winslet. The 'Divergent' star - who will celebrate the milestone in October 2015 - has been close friends with the actor for almost 20 years and he...
Read more on Celebrity Balla