The Real Deal New York

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
By Meenal Vamburkar | July 18, 2018 01:30PM

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.