Phil Jackson buys $4.85 million apartment in midtown New York

Phil Jackson will be residing in midtown New York during his tenure with the Knicks. The legendary Lakers and Bulls coach turned NBA executive recently paid $4.85 million for a co-op at the Osborne, a historic brownstone building on West 57th Street.

The Gilded Age residence, built in 1883, was renovated by Ferguson and Shamamian Architects, who preserved original features including inlaid oak and cherry flooring, hand-carved pocket doors and bay windows with period stained glass insets.

The 2,600 square feet of living space features a stately wood-paneled library, wood-burning 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, 68, won 11 NBA titles as a head coach, including five championships with the Los Angeles Lakers from 2000-2010. In March, he signed a five-year, $60-million contract with the Knicks to be team president.

The purchase was first reported by 6sqft. The property originally came to market in February with an asking price of $4.995 million. Amanda S. Brainerd at Brown Harris Stevens was the listing agent.

In addition to his new midtown apartment, Jackson owns a modern beachfront home in Playa del Rey and a house on Flathead Lake in western Montana.

Twitter: @NJLeitereg