realestate

Houston Rockets Ex-Owner Drops Manhattan Penthouse Price by $13M Amid City Departure

Duplex Penthouse at 18 Gramercy Park South Seeks New Owner After Years of Price Fluctuation.

B
illionaire financier Leslie Alexander is once again trying to sell his luxurious Gramercy Park penthouse duplex. The two-story Manhattan masterpiece at 18 Gramercy Park South has been relisted for $32 million after a significant price cut of $13 million.

    Alexander, the former owner of the Houston Rockets, purchased the five-bedroom property in 2012 for $42 million. Since then, the 6,329-square-foot residence has undergone several price adjustments, including a previous asking price of $45 million in June and a record-breaking $49.75 million in 2015.

    The penthouse boasts an impressive array of features, including four terraces, 1,900 square feet of outdoor space, a private plunge pool, and skyline views. The grand foyer opens to a living room overlooking Gramercy Park, while the home also features a formal dining room, library, and eat-in chef's kitchen.

    Located in an 18-story building originally constructed in 1927 and revamped by Robert A.M. Stern in 2013, the property offers top-notch amenities such as a doorman, concierge, rooftop terraces, club room, spa, and gym. The primary bedroom suite boasts an oversized walk-in closet and spa-like marble bath with heated floors.

    "We're excited to present this extraordinary property at an exceptional price point," said Eleonora Srugo of Douglas Elliman, who holds the listing. "With the seller no longer utilizing the home and a challenging election year, it's time to sell."

Houston Rockets ex-owner lowers Manhattan penthouse price by $13M before leaving city.