Knicks Tickets Are Ultimate New York Real Estate Story: Essay

To the extent I understand anything about New York City real estate, I understand it through the prism of New York Knicks tickets.

When I first started attending NBA games at Madison Square Garden as a kid in 1978, the arena was, like the city, an emptier and much less desirable place to be. The team had already taken a steep fall from its championship five years earlier.

Just as some apartments were nicer than others, mostly on the East Side but also Central Park West, in the early ’80s, some seats at the Garden were better. The Knicks, still ...