From left: Jerry Speyer, Rob Speyer, Bill Rudin, Peter Malkin and Anthony Malkin
Seymour Durst and his brothers built six Manhattan buildings in a 12-year run. Paul and Seymour Milstein built 10 in about the same amount of time. And Lew and Jack Rudin built 11 in two decades.
The breakneck pace of development which was largely clustered in the 1960s and the 1980s by those three families, and a slew of others, laid the foundation for many of New York City’s most established real estate dynasties. (Think Tishman, Fisher, Malkin, Resnick, LeFrak, Rose, and Zeckendorf.)
Indeed, after passing down their real estate portfolios from one generation to the next, many of those families are sitting on bricks-and-mortar fortunes today.
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To a non-New Yorker, 64th Street might look like a regular stretch of tightly compacted New York apartment buildings. But the buildings on 64th aren’t apartments, they’re some of New York’s finest townhouse mansions on the Upper East Side. Nestled between two brown and gray mansions on 64th stands the most opulent one Ken Laub’s Versailles an inspired Neo-Georgian brick townhouse extending 90 feet in depth. Laub, a semi-retired real estate magnate, has lived in the mansion for 35 years. Now, he’s selling his prized townhouse, downsizing and relocating in the city to focus on creative projects, some of which include his musical compositions.