Leslie Alexander made $2.1B selling the Houston Rockets last year. Here’s how he fared at the Baccarat.

Former NBA team owner bought the unit in 2015 for $20.6M

New York /
Jul.July 18, 2018 01:30 PM

The Baccarat at 20 West 53rd Street and Leslie Alexander (Credit: Getty Images)

Leslie Alexander sold the Houston Rockets for a $2.1 billion profit last year, but maybe real estate isn’t his game?

The former basketball team owner and businessman sold his Baccarat condominium at 20 West 53rd Street for $17.5 million, about than $3.1 million less than what he paid in 2015. The buyer, listed in property records as Miamat LLC, closed on the deal Wednesday, according to Department of Finance records. Alexander’s pad was listed with Douglas Elliman for $21.5 million.

The unit, on the 44th floor, spans roughly 4,500 square feet. It includes four bedrooms and 4.5 bathrooms.

Alexander paid $85 million for the Rockets in 1993 — and sold the NBA team to Tilman Fertitta for $2.2 billion last year. His net worth is $2.1 billion, according to Forbes.

Earlier this year, the mystery buyer of a penthouse at the Baccarat signaled that he/she would take a loss on the apartment. The owner put the unit on the market for just under $40 million, below the $42.6 million they paid in 2016. The owner, an anonymous LLC, had previously listed it for three years at $60 million.


Related Articles

arrow_forward_ios
Overall, the number of housing units that started construction last year was up 7 percent from 2019. (iStock)
Residential construction had busiest year since 2006: MBA
Residential construction had busiest year since 2006: MBA
Common Projects sneaker designer Peter Poopat bought the home in December. (Getty, Brown Harris Stevens)
$6.5M Fort Greene townhouse sale breaks neighborhood record
$6.5M Fort Greene townhouse sale breaks neighborhood record
(iStock)
Homebuilder sentiment falls for second month in a row
Homebuilder sentiment falls for second month in a row
(iStock)
Homebuying up again, but rising mortgage rates depress refinancing
Homebuying up again, but rising mortgage rates depress refinancing
The two most expensive contracts signed last week were condos at One Prospect Park West. (Douglas Elliman)
Brooklyn luxury market roars back to life
Brooklyn luxury market roars back to life
Fidelity’s Raymond Quirk (iStock)
Title insurers launch new closing tools as homebuying rises
Title insurers launch new closing tools as homebuying rises
Corcoran to sublet 50K sf in IBM Building
Corcoran to sublet 50K sf in IBM Building
Corcoran to sublet 50K sf in IBM Building
Quarters CEO Rui Barros (Linkedin)
Quarters, the “WeWork of co-living,” files for bankruptcy
Quarters, the “WeWork of co-living,” files for bankruptcy
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...