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

TRD 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
Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report

arrow_forward_ios