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While one New York city icon Grand Central Terminal celebrates it's 100th birthday today, another New York City icon, former three term NYC mayor Ed Koch died this morning at age 88. We'll be paying our respects to Mayor Ed Koch for a long time. He really heped make NYC what it is today: The greatest City in the World!
Ed Koch helped lift the city out of its darkest days and set it on course for an incredible comeback. Koch is most closely associated with saving New York City from financial ruin, but he was also a powerful force in the real estate industry.
In 1989, he left office having created 3,000 apartments out of 10,000 abandoned or city-seized buildings, leaving another 33,000 units in the pipeline. Over the next 15 years, a total of 200,000 apartments inside these properties were completed, and only 800 buildings remained vacant. Many are HDFC coops that I am selling today. I have been able to secure profits for my seller clients and find "affordable"housing for many of my buyer clients today thanks to Ed Koch.
New Yorkers will miss him, but his good works – and his wit and wisdom – will forever be a part of the city he loved so much. His spirit will live on not only on the bridge that bears his name, but all across the city of New York.
HIZ HONOR, the quintessential New Yorker lives on in New York City.
Below is a great interview with Ed Koch by the NY Times.