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Phil Jackson’s fadeaway: NBA legend sells 57th St. apartment for $5M
Buyer is Square co-founder Jim McKelvey
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.