Shortly after taking over as president of the Knicks in 2014, NBA legend Phil Jackson rewarded himself with a gorgeous, historic apartment at The Osborne. But now that he’s left the team (he and the Knicks “mutually parted ways” in June after a disagreement over player Carmelo Anthony‘s status) and lost his $12 million/year contract, he’s decided to also part ways with the Billionaires’ Row residence. Curbed reports that Jackson listed the three-bedroom apartment for $4,950,000, barely above the $4,895,000 that he bought it for.
Share a gorgeous lobby with the rich and famous at the iconic Osborne at 205 West 57th Street. Yes, you’re seeing that right, the Billionaires’ Row address has a notable vacancy: This one-bedroom lobby-level co-op is asking just $399,000. That may sound more like a stingy holiday tip for residents of nearby trophy towers like One57, but it gets you a classic Midtown West address shared by celebrities current and past including Jessica Chastain, former Knicks president Phil Jackson, and Leonard Bernstein.
Often overshadowed by the Dakota, its more famous “cousin” further uptown, the Osborne was one of New York’s first major luxury apartment buildings. Located in the heart of Midtown West and completed in 1883, the Osborne’s somber appearance rising up from 205 West 57th Street belies the dazzling lobby within, “a luminous Byzantine dream of gilded tiles.” But the lobby isn’t the only treasure awaiting your entrance. This classically elegant, 12-room corner duplex exemplifies everything one would expect from a residence in such a legendary building. And it’s on the market for $6,950,000.
When he hasn’t been busy revamping the New York Knicks, Phil Jackson has been scoping out NYC real estate. And according to city records, the Knicks President purchased an apartment at the Osborne, 205 West 57th Street, for $4.85 million.
Considered one of the greatest NBA coaches in history, Jackson spent many years with both the Chicago Bulls and the Los Angeles Lakers, but now he’s jumping back into the New York City scene head first, having gotten his start with the Knicks in 1967 as a player. His new home was meticulously renovated by Ferguson and Shamamian Architects to preserve the original details of the landmarked 1883 building. Hand-carved mahogany pocket doors, inlaid oak and cherry floors, and stained glass transom windows are just some of the historic accents that make this three-bedroom apartment a true masterpiece.