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Knicks’ Amar’e Stoudemire takes a loss in penthouse sale

Hot Property: Amare Stoudemire
New York Knicks forward Amar’e Stoudemire has sold his penthouse in Phoenix for a $565,000 loss.
( | Inset: Luis Sinco/Los Angeles Times)

Amar’e Stoudemire of the New York Knicks has sold his penthouse-apartment in Phoenix for $1.21 million.

Stoudemire, a six-time NBA All-Star, paid $1.775 million for the top-floor residence in June 2006. The property had come to market six times over the last six years and last listed for sale at $1.249 million in February.

The unit, found on the eighth floor of the Esplanade Place in downtown Phoenix, includes two balconies, two master suites, a gourmet kitchen and a great room with a fireplace in nearly 3,000 square feet of living space. Automated drapery opens to reveal city and mountain views.

Concierge services, 24-hour security, a valet, a fitness center and a rooftop pool and lounge are among the building amenities.


Stoudemire, 31, is now in his fifth year with the Knicks since coming over from the Suns in a sign-and-trade. He will make $23.4 million next season, the final year of a five-year, $99.7-million contract he signed in 2010.

Sale of the property closed on Monday, according to public records. Brian C. North of Green Street Real Estate listed the property on behalf of Stoudemire. Sandra Baldwin of Russ Lyon Sotheby’s International Realty represented the buyer in the sale.

Stoudemire previously sold an additional unit at Esplanade Place in September 2011 for $1.3 million. He still maintains a home in the Phoenix area that he purchased for $1.325 million in 2006.

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