Stanley Stahl Explained

Stanley Stahl
Birth Date:June 16, 1924
Birth Place:New York City, U.S.
Death Place:New York City, U.S.
Alma Mater:New York University
Occupation:Banker, real estate investor
Spouse:2, including Cherie Stahl
Children:1

Stanley Stahl (1924–1999) was an American banker and real estate investor from New York City.

Early life

Stanley Stahl was born to a Jewish family on June 16, 1924, in New York City.[1] [2] [3] His father, Max Stahl, was a butcher in Brooklyn.[2] [4] He had a sister, Beatrice Marans.[2]

Stahl graduated from New York University, where he received a bachelor's degree in accounting.[1] [2] He served in the United States Army.[1]

Career

Stahl started his career as a real estate broker in Manhattan.[2] He invested in Manhattan real estate, eventually owning both 277 Park Avenue in Midtown Manhattan and the Ansonia on the Upper West Side.[2] He was also the co-owner of Broadway's Lunt-Fontanne Theatre with the Nederlander Organization.[4] In 1982, he acquired the AT&T Building on Madison Avenue in Midtown Manhattan.[4]

In 1969, Stahl co-founded Hirstan Associates, a real estate investment firm, with Abraham Hirschfeld.[4] They owned buildings in Sutton Place.[4] However, when Hirschfeld wanted out of the partnership in 1992, Stahl accused the latter of unfair profit distribution.[4] In retaliation, Stahl was accused of racial discrimination against tenants.[4] In 1998, Hirschfeld was indicted of hiring a hitman to murder Stahl in 1996.[2] [4]

Stahl acquired the Apple Bank for Savings for US$174 million in a hostile takeover in 1990.[1] He was its sole owner.[2]

Personal life

Stahl was married twice. His second wife was named Cherie.[2] He had a son, Gregory Stahl, a stepson, Peter Neger, and a stepdaughter, Simi Matera.[2] Stahl was indicted of bribing an Internal Revenue Service agent and found guilty in 1977, but he won on appeal.[2]

Death

Stahl died of a stroke on August 5, 1999, in a hospital in New York City.[1] [2]

Notes and References

  1. News: August 5, 1999 . Stanley Stahl: Real estate investor . The Day . August 26, 2015 .
  2. News: Ravo . Nick . August 6, 1999 . Stanley Stahl, a Bank Owner And Real Estate Investor, 75 . The New York Times . August 26, 2015 .
  3. https://www.nytimes.com/1999/08/08/classified/paid-notice-deaths-stahl-stanley.html New York Times: "Paid Notice: Deaths STAHL, STANLEY
  4. News: Smith . Chris . Crazy As He Wants To Be . August 2, 1999 . The New York Magazine . August 26, 2015 .