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

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

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. 

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. 



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.


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