Houston Rockets owner and real-estate power forward Les Alexander appears to be doing his single-handed best to boost the upper end of the New York City real estate market. Who’s gonna help him out? Last week, he finally closed on a 6,321-sq.-ft. empty penthouse atop a new Robert A.M. Stern waterfront condo building in the West Village — for $25 million in cash. After pausing to take a deep breath, Alexander then put the unit back on the market — for $39.5 million.
New York real estate blog Curbed says Alexander’s move “has to be the most audacious and downright crazy real estate move of 2009 (though there’s still time!):”
In a matter of hours, the penthouse has gone from selling for $3,955/sf to asking $6,249/sf. Talk about appreciation!
Didn’t the buzzer on that game already sound?
The bare-bones pad features 4 corner terraces, but just a single bathroom and small Kitchen — enough to meet city requirements. The condo building is named Superior Ink, in honor of the factory that was torn down to construct it.
- Superior Shocker: $25M Penthouse Already Back on Market [Curbed]
- 400 West 12th Street [Prudential Douglas Elliman Real Estate]
Photo: Related Companies