Celebrity Real Estate

Houston Rockets’ ex-owner lists Gramercy Park penthouse for $44M

If this former NBA team owner can get the current, slashed-down asking price for his luxe home, it’ll be a slam dunk. 

Leslie Lee Alexander, 79, is looking to flip his sprawling Manhattan unit for a dribble more than what he bought it for a decade ago, Crain’s first reported

The New Jersey-born bond trader — who bought the Houston Rockets for $85 million in 1993 and sold the team 24 years later, in 2017, for a record-breaking $2.2 billion — paid $42 million for the duplex condo in 2013. Now, the 11.5-room penthouse at 18 Gramercy Park South is on the market for $43.75 million, its lowest ask yet in the years that Alexander has been trying to sell it. He first tried for $49.75 million in 2015, and most recently for $48.75 million in the fall of last year. 

The apartment measures 6,329 square feet indoors with an additional 1,889 square feet of private outdoor space.  There are four bedrooms, a direct entrance from the key-locked elevator and 40-foot living room with 63 multi-paned windows, according to the listing, which is held by Compass agent Jorge Lopez. 

(Lopez declined a request for comment.)

The kitchen, located on the lower level, features hand-painted cabinetry, top-of-the-line appliances, an eat-in dining nook and, beyond it, a staff room with an ensuite bath, as well as three additional bedrooms. 

The apartment has 1,889 square feet of private outdoor space. COMPASS
The duplex condo has 6,329 square feet of indoor space. COMPASS
A look down the center staircase. COMPASS
One of the bedrooms. COMPASS
The doorman building was built in 1927. COMPASS
The unit is located on the top floor of the 18-story building. COMPASS
A large living area. COMPASS
The primary ensuite bathroom. COMPASS

Upstairs — accessible via a grand central staircase or the elevator — there’s a gas fireplace- and wet bar-equipped great room with a wraparound terrace and Gramercy Park views, as well as a windowed powder room, a private sun deck and a heated pool. 

In the primary suite, there’s not one but two terraces (one of which has a hot tub), a “sparkling spa-like primary bathroom” with heated floors, a cast-iron bathtub and a steam shower. 

Throughout, there are quarter sawn white oak hardwood floors, marble windowsills, beamed ceilings and central air. 

Building amenities include a gym, wine storage, a “spa” and a common roof deck.