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They dock in the same corporate mothership, but that does not mean they are the same, as Lynn Zinser explains in The New York Times:

Their worlds may sometimes bump into each other over lunch, but their conversations rarely go much deeper than wishing each other luck in their next game. On Tuesday, the Knicks were reeling from their latest loss and controversy, and the Rangers were coming off a cathartic victory over the Devils.

These days, the Rangers generate little controversy away from the playing arena; such occurrences seem to be a Knicks staple. Most of the Rangers live in Manhattan; the Knicks largely stay in Westchester County. Many Rangers ride the subway to the Garden. When they drive to practice here, they enter the same secure players parking lot as the Knicks do, parking their Land Rovers and BMWs alongside the Knicks' flashier cars, a collection that includes a Bentley.

"You see a lot of Rolls-Royces down there, big trucks with nice tires and rims on them," Rangers forward Ryan Hollweg said. "A lot of that has to do with their salaries, and how different they are as well."

As forward Brendan Shanahan added: "The difference is, we're in parking spaces and they just park anywhere. We actually park in the lines. They just pull up to the door and get out of the car."