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$42 Million Condo

Houston Rockets owner closes deal on lavish $42 million New York condo

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18 Gramercy Park, Leslie Alexander, lobby, rendering, October 2012, NYC penthouse
Artist rendering of the lobby. 18 Gramercy Park.com
Tux And Tennies March 2011, Leslie Alexander
Leslie Alexander dropped $42 million on the duplex penthouse — topping his own Manhattan real estate record of $31.5 million.  Photo by © Michelle Watson/CatchLightGroup.com
18 Gramercy Park, NYC penthouse, Leslie Alexander, October 2012
The property at 18 Gramercy Park, historically a hotel for women, is being converted into family-sized luxury apartments. 18 Gramercy Park.com
18 Gramercy Park, NYC penthouse, 12th-floor view, Leslie Alexander
View from the 12th floor 18 Gramercy Park.com
18 Gramercy Park, Leslie Alexander, NYC penthouse, living room rendering, October 2012
Artist rendering of a living room at 18 Gramercy Park. 18 Gramercy Park.com
18 Gramercy Park, Leslie Alexander, NYC penthouse, bedroom rendering
Artist rendering of a bedroom at 18 Gramercy Park. 18 Gramercy Park.com
18 Gramercy Park, Leslie Alexander, lobby, rendering, October 2012, NYC penthouse
Tux And Tennies March 2011, Leslie Alexander
18 Gramercy Park, NYC penthouse, Leslie Alexander, October 2012
18 Gramercy Park, NYC penthouse, 12th-floor view, Leslie Alexander
18 Gramercy Park, Leslie Alexander, NYC penthouse, living room rendering, October 2012
18 Gramercy Park, Leslie Alexander, NYC penthouse, bedroom rendering

Having shelled out $88 million to sign center Dwight Howard, Houston Rockets owner Leslie Alexander apparently decided it's OK to splurge on something for himself.

The Wall Street Journal reports that Alexander has purchased a penthouse on the top two floors of 18 Gramercy Park for $42 million. It is the highest price ever paid for a residence in downtown Manhattan, the newspaper reports, citing city records.

CultureMap first reported last October that Alexander had agreed to buy the property.

Located on the 17th and 18th floors of a former Salvation Army residence for women in a building conversion by architect Robert A.M. Stern, the penthouse has 6,330 square feet of interior space and 1,889 square feet of outdoor space on four terraces. One 40-foot-wide terrace faces Gramercy Park, with views of the Chrysler Building. Two terraces that open off the master bedroom have an outdoor infinity pool and heated whirlpool.

The apartment has five bedrooms and 5½ baths, a library, formal dining room, dramatic salon and gallery. 

In 2006, Forbes estimated that Alexander, a former bond trader, was worth $1.2 billion. In January of this year, the magazine ranked the Rockets as the seventh richest team in the NBA, with a valuation of $568 million. He paid $85 million for the team in 1993.

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