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Report: Jackson buys Manhattan apartment for $4.85M

Phil Jackson won’t have far to go to work when the Knicks begin the season. The first-year team president has reportedly purchased a 2,600-square-foot co-op at the Osborne, a brownstone on West 57th Street, for $4.85 million (Los Angeles Times, Aug. 14).

The apartment — 11 minutes by subway from Madison Square Garden — has a wood-paneled library, fireplaces clad in limestone, a dining room, a gallery, a living room, an updated kitchen, three bedrooms and three bathrooms. The master suite has a large closet and a bath with dual sinks.

Jackson, of course, is no stranger to the city. He played for the Knicks in the 1970s, when he was known for an eclectic lifestyle. Jackson, who won 11 NBA titles as a coach with the Bulls and Lakers, signed a 5-year, $60 million contract when he became the Knicks president in March.

The purchase was first reported by 6sqft. The property was listed in February for $4.995 million. Amanda S. Brainerd at Brown Harris Stevens was the listing agent.Besides the Manhattan apartment, Jackson owns a  beachfront home in Playa del Rey, Calif., and a house on Flathead Lake in Montana.

Keith Schlosser, Lead Writer

This is somewhat of an interesting development, simply because there’s been much talk of Jackson spending more time in Los Angeles to be closer to his family. How often he remains in the Big Apple (perhaps still) remains to be seen.

It’s important for the man with the plan to be around the team as much as he can. In addition to simply watching the team play, it’s crucial that Jackson takes part in practices, has a presence in the locker room, etc. During this time of transition for the Knicks, it’s crucial that he gets a feel for the team while beginning to learn what works and what doesn’t.

Hopefully this new home will keep Jackson in New York more often than not.




20 comments
NYKnickerBocker
NYKnickerBocker

I miss my rent stabilized apartment in the BX.


Actually, miss the Bronx period.


ok... now back to whatever type of Knicks news there is.

rico
rico

odd he bought on 57th St, a non-neighborhood. It's midtown nothing happening except business during the day and nada at night.   I guess he has CPark right near there but too touristy on the south end there.


Surprised he didn't buy downtown in the Village/ Soho/ Tribeca even Gramercy or Chelsea (a few blocks from the Garden), all cool "neighborhoods" where Phil is known to hang

Kvdaone
Kvdaone

can we get one more trade tho? For somebody slightly important

KnickelusKnickleby
KnickelusKnickleby

Phil was like i need to feel the electricity of Mid-Town !! Fvck all the upstate NY hideouts 

Kevin Dolorico
Kevin Dolorico


http://ny.curbed.com/archives/2014/08/12/phil_jackson_drops_485_million_on_osborne_threebedroom.php


If we're going with full on-stalking, he got unit 3B, which matches the photos. :)


http://streeteasy.com/building/the-osborne

I think they meant to say "co-op", not brownstone. The most commonly accepted definition of a brownstone is a multifloor house whose exterior surface is brownstone. The Osbourne is a huge building with 111 units. The photos look like bricks on the exterior. Just saying.

http://sellahomebrooklyn.com/blog1/2010/01/what-exactly-is-a-brownstone/


greekfreak
greekfreak

That place is gonna be Zen'd out

that3agoodpoint
that3agoodpoint

The apartment also contains many leather bound books and smells of rich mahogany.

wingo43
wingo43

Looking for a roommate? 

Alcides Martinez
Alcides Martinez

When do knick tickets go on sale this year, I tried looking that up and could get no info

brookdon
brookdon

Phil Jackson is 60+. What we he be doing downtown with his bad hips and knees lol? He's in a perfect spot. Probably close to Central Park, it's quiet etc.

rico
rico

@brookdon plenty of elevator buildings downtown, or haven't you been there in 50 years?


Central Park by 57th is like Disney the way all the buses drop off hordes of tourists.  Just saying It's an isolated area to live.  Surprised he didn't buy one of Amare's two amazing apartments by the river :)


Why Amare needs 2 is anybodies guess



rico
rico

@stillmatic @rico @brookdon I think it was Bill Parcells who used to say: " I never get involved with the personal lives of my players, I don't tell them how to live. The one thing I tell them all is;  WHEN YOU START BUYING TWO OF THINGS YOU"RE ON THE ROAD TO BANKRUPTCY.  You want to go buy a house or a Rolls fine but when you buy that 2nd one you will have a problem".


Good advice coach.  Then again Amare might be investing in NYC real estate which is a pretty good investment.