Phil Jackson Lists Midtown Apartment For $4.95 Million

MIDTOWN MANHATTAN, NY — Legendary basketball coach Phil Jackson could be leaving the city for good after a disastrous tenure as the president of the New York Knicks.

Jackson recently listed his three-bedroom apartment located in The Osborne — a historic co-op building on West 57th Street and Seventh Avenue — for just less than $5 million, according to an online listing from Stribling & Associates. Jackson purchased the third-floor apartment in 2014, the same year he took a job with the Knicks, for $4.85 million, according to public real estate records.

The Osborne is a 19th century building, but Jackson's apartment has been renovated to combine the original architectural details with modern luxury features, according to the listing. The highlight of the home may be the 33-foot-long double living room flanked by wood-burning limestone fireplaces on either side.

In June, the Knicks announced that the team and Jackson would part ways in a "mutual" agreement.

Jackson's tenure with the Knicks can be summed up with one word: Disappointment.

When "The Zen Master" took over the team's operations in 2014 Knicks fans celebrated Jackson's homecoming. In 1967 Jackson began his basketball career as a player for the Knicks and the franchise won its only two championships during his 11 years with the team.

Jackson went on to great success as a coach, winning 11 championships during tenures with the Chicago Bulls and Los Angeles Lakers. Jackson famously employed the triangle offense and coached some of the game's greatest players including Michael Jordan, Scottie Pippen, Kobe Bryant and Shaquille O'Neal.

But Jackson found no such success with the Knicks. The lone bright spot of his tenure ended up being the selection of Latvian-born Kristaps Porzingis in Jackson's second draft at the helm of the Knicks. During this year's draft Jackson admitted that he was shopping Porzingis in trades to other teams.

During Jackson's three-year tenure the Knicks had a record of 80 wins and 166 losses.

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