He married Annie R. Preston on May 14, 1890 and had five children, including inventor and engineer Preston Bassett and geologist Isabel Bassett Wasson.
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The first Standard State Zoning Enabling Act, (or "SZEA") was written by a New York City commission headed by Edward Bassett and signed by Mayor John Purroy Mitchel in 1916 to regulate buildings and land usage in New York City.