The Real Deal New York

Despite real estate ties, Ed Koch was lifetime renter

February 04, 2013 11:00AM

Ed Koch and 2 Fifth Avenue (credit: CityRealty)

Despite having been a force in real estate, the late former Mayor Ed Koch never personally owned a piece of New York City. The politician, who died last week aged 88, was a lifetime renter, the New York Times reported, living in a one-bedroom unit at 14 Washington Place during the beginning of his mayoral term and later at the Rudin family’s 2 Fifth Avenue, where he remained until his death.

During his time as mayor, Koch refused to give up his rent-controlled Washington Place apartment, despite agreeing to move into Gracie Mansion mid-term. He said of the apartment at the time “It’s small. I like it. It’s me.” The apartment reportedly cost around $250 a month when he first took office and $475 a month when he left office in 1989.

Despite initially intending to move back to Washington Place after his term, Koch had a change of heart and accepted the offer of the Fifth Avenue apartment from the Rudins after losing his re-election campaign. His 1,300-square-foot apartment in the building had two bedrooms and a 31-foot terrace. He remained a renter at the building until his death.

“I said you can get used to posh very quickly,” he said of his decision not to return to Washington Place. “And I did.” [NYT]Katherine Clarke

  • Charlotte

    I did not know he was a renter, but the entire city was his:)

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