Former Houston Rockets owner Leslie Alexander may have left New York City behind, but his penthouse apartment in Gramercy Park is proving harder to abandon.
Alexander slashed another $13 million off the price for his penthouse unit at 18 Gramercy Park South, the New York Post reported. The unit is now asking $32 million, a far cry from the initial $50 million in a 2015 listing.
“With the seller no longer living in New York and not utilizing the home, combined with a challenging election year and fluctuating markets, the message has become clear — it’s time to sell,” Douglas Elliman’s Eleonora Srugo, who holds the listing, told the Post.
Last February, the apartment was marketed for $43.8 million. That was a knockdown of $5 million from only a few months earlier.
Alexander has been trying to sell the apartment on and off since 2015, shuffling through multiple brokers in the process, though the unit wasn’t publicly on the market for a few years in the interim. He purchased it for $43 million in 2013, during the city’s luxury condo boom.
The 6,300-square-foot duplex has four bedrooms, five bathrooms and two half-bathrooms. There’s a private elevator leading into the unit, which is flanked by four outdoor terraces totaling 1,900 square feet.
The first floor has an eat-in chef’s kitchen, a library/cocktail lounge and a staff room. The second floor, accessible by elevator or grand staircase, has a wraparound terrace facing Gramercy Park. The floor also includes a wet bar, a private sun deck with a heated infinity pool and an outdoor hot tub.
Read more
Residential
New York
Former NBA owner drops Gramercy Park penthouse ask to $44M
Residential
New York
Former NBA owner lists Gramercy Park penthouse for $49M
Commercial
Tri-State
Leslie Alexander lists pair of North Fork properties with development rights
Zeckendorf Development built the 18-story, 16-unit building, which was designed by Robert A.M. Stern. Amenities include a resident manager, doorman, two roof terraces, a club room, a spa and a fitness center.
In marketing the penthouse, Srugo said the reopening of the Gramercy Park Hotel could lead to significant appreciation, “bringing the property back to its original valuation.”