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

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

Early life

Stanley Stahl was born to a

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

family on June 16, 1924, in New York City.New York Times: "Paid Notice: Deaths STAHL, STANLEY
August 8, 1999 His father, Max Stahl, was a butcher in

Brooklyn Brooklyn is a Boroughs of New York City, borough of New York City located at the westernmost end of Long Island in the New York (state), State of New York. Formerly an independent city, the borough is coextensive with Kings County, one of twelv ...

. He had a sister, Beatrice Marans. Stahl graduated from

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

, where he received a bachelor's degree in accounting. He served in the

United States Army The United States Army (USA) is the primary Land warfare, land service branch of the United States Department of Defense. It is designated as the Army of the United States in the United States Constitution.Article II, section 2, clause 1 of th ...

Career

Stahl started his career as a real estate broker in Manhattan. He invested in Manhattan real estate, eventually owning both 277 Park Avenue in

Midtown Manhattan Midtown Manhattan is the central portion of the New York City borough of Manhattan, serving as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the ...

and the Ansonia on the

Upper West Side The Upper West Side (UWS) is a neighborhood in the borough of Manhattan in New York City. It is bounded by Central Park on the east, the Hudson River on the west, West 59th Street to the south, and West 110th Street to the north. The Upper We ...

. He was also the co-owner of Broadway's

Lunt-Fontanne Theatre The Lunt-Fontanne Theatre, originally the Globe Theatre, is a Broadway theater at 205 West 46th Street in the Theater District of Midtown Manhattan in New York City, New York, U.S. Opened in 1910, the Lunt-Fontanne Theatre was designed by C ...

with the

Nederlander Organization The Nederlander Organization, founded in 1912 by David T. Nederlander in Detroit, and currently based in New York City, is one of the largest operators of live theaters and music venues in the United States. Its first acquisition was a lease on ...

. In 1982, he acquired the AT&T Building on

Madison Avenue Madison Avenue is a north-south avenue in the borough of Manhattan in New York City, New York, that carries northbound one-way traffic. It runs from Madison Square (at 23rd Street) to meet the southbound Harlem River Drive at 142nd Stree ...

in Midtown Manhattan. In 1969, Stahl co-founded Hirstan Associates, a real estate investment firm, with Abraham Hirschfeld. They owned buildings in Sutton Place. However, when Hirschfeld wanted out of the partnership in 1992, Stahl accused the latter of unfair profit distribution. In retaliation, Stahl was accused of racial discrimination against tenants. In 1998, Hirschfeld was indicted of hiring a hitman to murder Stahl in 1996. Stahl acquired the Apple Bank for Savings for US$174 million in a

hostile takeover In business, a takeover is the purchase of one company (law), company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast t ...

in 1990. He was its sole owner.

Personal life

Stahl was married twice. His second wife was named Cherie. He had a son, Gregory Stahl, a stepson, Peter Neger, and a stepdaughter, Simi Matera. Stahl was indicted of bribing an

Internal Revenue Service The Internal Revenue Service (IRS) is the revenue service for the Federal government of the United States, United States federal government, which is responsible for collecting Taxation in the United States, U.S. federal taxes and administerin ...

agent and found guilty in 1977, but he won on appeal.

Death

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

References

{{DEFAULTSORT:Stahl, Stanley 1924 births 1999 deaths Jewish American military personnel Bankers from New York City New York University alumni American bankers Jewish American bankers 20th-century American businesspeople American businesspeople in real estate 20th-century American Jews