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    $42 Million Condo

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

    Clifford Pugh
    Sep 14, 2013 | 9:39 am

    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.

    Artist rendering of a living room at 18 Gramercy Park.

    18 Gramercy Park, Leslie Alexander, NYC penthouse, living room rendering, October 2012
    18 Gramercy Park.com
    Artist rendering of a living room at 18 Gramercy Park.
    unspecified
    news/real-estate

    on the market

    Galveston's largest condo offers stunning Gulf views, listed at $2.95M

    Holly Beretto
    Nov 20, 2025 | 9:15 am
    801 E. Beach Drive exterior
    Photo courtesy of Nan & Company Properties
    801 E. Beach Drive offers beachfront elegance.

    The largest condo on Galveston island — complete with panoramic sea views and five bedrooms — is on the market. 801 E Beach Drive (Unit 2001) is priced at $2.95 million, and represented by Zuleima Cossio of Nan & Company Properties.

    The approximately 3,800-square-foot, 20th floor residence feels like a spacious beach home in the sky, making it perfect for those who want space for family and friends. The residence’s design merged two premium floor plans in the oceanfront high rise, resulting in a spacious layout that includes five bedrooms, each with a private bath, and soaring 10-foot ceilings.

    Its four expansive balconies total 805 square feet and offer uninterrupted views of the bay and the Gulf. The kitchen features Costa Esmeralda granite, custom cabinetry, and curated lighting. Those who like to host guests will appreciate the condo's coffee bar, wet bar with a Sub-Zero dual-control wine fridge, and undercounter beverage drawers.

    Spacious dining and living rooms also ensure plenty of room for entertaining.

    The condo delivers the feel of a generous beach home while providing the ease and amenities of a luxury, maintenance-free coastal lifestyle. Owners and their guests will love the ability to hit the beach or spend an afternoon by the high-rise’s private pool.

    Those who are in the market for a spot that provides elegance, ample entertaining and living space, and beautiful views will be intrigued.

    801 E. Beach Drive exterior

    Photo courtesy of Nan & Company Properties

    801 E. Beach Drive offers beachfront elegance.

    news/real-estate
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