Victor Sozio and Logan Plaza

A 130-unit city-owned low- and moderate-income building, constructed in 1987 at the bequest of former New York City Mayor Ed Koch’s administration, has sold to an unidentified private investor for $17 million.

Logan Plaza, at 1423-25 Amsterdam Avenue, was the first newly constructed rental project to be developed in Harlem without federal assistance in more than a generation and is governed by a regulatory agreement with the Housing Assistance Corporation, a subsidiary of the city’s Housing Development Corporation. It was part of Koch’s 10-year housing plan. [more]

Numbers to know

“Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Douglas Elliman broker Dolly Lenz’s primetime sales pledge, young folks’ attitudes on real estate, a major co-op price chop and next year’s Super Bowl. See this week’s countdown after the jump. [more]

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…. [more]

From left: Mayor Koch in an undated photo and the mayor in April 2011 (Source: Mayor’s Office Flickr)

Ed Koch, who served as Mayor from 1978 to 1989, died early this morning of congestive heart failure at the age of 88. Though Koch is most closely associated with saving New York City from financial ruin, he was also a powerful force in the real estate industry. [more]

Mayor Michael Bloomberg today signed legislation to rename the Queensboro Bridge the “Ed Koch Queensboro Bridge.” Bloomberg proposed the legislation to name the bridge after New York City’s 105th mayor, Edward Koch, in December — for “his work in literally saving this bridge and the rest of the city’s bridges,” the mayor said today — and it passed the city council March 23. TRD… [more]