NBA commissioner sells UWS co-op in $8.5M slam dunk
NBA Commissioner Adam Silver sells his Upper West Side apartment in an off-market deal for $8.5 million to Louise Riggio, widow of Barnes & Noble founder Leonard Riggio.
The NBA's commissioner Adam Silver has been busy this offseason, dealing with investigations into tampering claims against the Los Angeles Clippers and their star forward Kawhi Leonard, as well as managing multiple star players recovering from injuries heading into the season. However, it seems he has also found time to sell his three-bedroom apartment at The Beresford, a prestigious co-op building located at 211 Central Park West, in an off-market deal for $8.5 million.
The buyer, Louise Riggio, is the widow of Leonard Riggio, the founder of Barnes & Noble who recently passed away. The sale of Silver's apartment marks the end of his ownership of the co-op, as he originally purchased it in 2012 for $6.75 million.
The Beresford is well-known for its celebrity residents, including Jerry Seinfeld, Diana Ross, and Glenn Close. Silver's apartment, located on the 12th floor, features stunning views of Central Park and has been described as "sprawling and luxurious" with three bedrooms, three bathrooms, and a wood-burning fireplace.
While the sale may come as a surprise to some, it is not uncommon for high-profile individuals to sell their properties in off-market deals to maintain their privacy. Silver's decision to do so may also be influenced by the recent tampering investigation and media attention surrounding the NBA.
Originally reported by The Real Deal