The Real Deal New York

Phil Jackson’s fadeaway: NBA legend sells 57th St. apartment for $5M

Buyer is Square co-founder Jim McKelvey
By Rich Bockmann | February 08, 2018 05:10PM

Phil Jackson and Jim McKelvey with 205 West 57th Street

Phil Jackson won 11 NBA championships implementing the triangle offense, but he can thank a square for his latest score.

The legendary basketball coach sold his apartment at the Osborne for $5 million to Jim McKelvey, co-founder of the mobile payments company Square, property records filed with the city Thursday show.

The deal was an “and 1” for the “Zen Master,” as McKelvey paid $50,000 above his ask.

Jackson listed the pad over the summer shortly after leaving his job as president of the New York Knicks. He had paid $4.85 million for the apartment at 205 West 57th Street in 2014.

The Real Deal was unable to determine if Jackson accepted payment via Square.