American real estate businessman (1896–1975)
Samuel Rudin |
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| Born | 1896 |
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| Died | 1975 (aged 78–79) |
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| Nationality | American |
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| Occupation | real estate developer |
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| Known for | founder of Rudin Management Company |
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| Spouse | May Cohen |
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| Children | Jack Rudin
Lewis Rudin |
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| Parent | Louis Rudinsky |
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| Relatives | Beth Rudin DeWoody (granddaughter) |
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Samuel Rudin (1896–1975)[1] was an American real estate developer in New York City, founder of the Rudin Management Company, and patriarch of the Rudin family.
Biography
Rudin was the son of Lithuanian-Jewish immigrant Louis Rudinsky, who operated a dry goods store on the Lower East Side of the Manhattan borough of New York City.[2] His father made his first real estate purchase in 1905 when he bought a four-story brownstone on 153 East 54th Street.[2] He commanded his sons to never sell the property and to try and purchase all the buildings surrounding it.[3]
Samuel Rudin followed his father's edict, and he, along with his brothers, Edward, Henry, and Nathan, purchased most of the surrounding buildings.[4] They continued to add buildings to their portfolio, and in 1925, they founded the Rudin Management Company to handle the management and leasing side of the business.[3] In the 1950s and 1960s, the Rudin family was one of the most prolific builders of skyscrapers in Manhattan.[5]
In 1975, his sons Jack and Lewis took over the company.[6] In 1990, fifteen years after his death, the Rudin Management portfolio was valued at $1.5 billion.[7]
Personal life and death
In 1923, he married May Cohen.[7] They had two children, Jack and Lewis, who took over the family business.[7]
Rudin died in 1975.[7] His will established the Samuel and May Rudin Foundation,[7] which focuses on education, social and religious welfare agencies, hospitals, museums, and the performing arts, primarily in Manhattan, where most of the Rudin portfolio was located.[7]
Rudin was an avid long-distance runner,[8] and his family continues to be a major sponsor of the New York City Marathon.[9]
References
- ^ "The Immigrants". New York City Department of Parks and Recreation. Retrieved May 30, 2014.
- ^ a b Stoler, Michael (July 7, 2005). "Old-Line Landlords Decide Now Is the Time to Sell". The New York Sun.
- ^ a b "About Us". Rudin Management. Retrieved May 30, 2014.
- ^ Gupte, Pranay (March 4, 2005). "'New York Is a Safe Harbor for Investing, It's a City on the Rise'". The New York Sun.
- ^ Pincus, Adam (October 1, 2013). "Ranking NYC's Real Estate Dynasties – TRD Breaks Down the Portfolios and Profits of the Industry's Major Families". The Real Deal.
- ^ "Great Real Estate Families". Real Estate Weekly. August 20, 2005 – via The Free Library.
- ^ a b c d e f Saxon, Wolfgang (July 24, 1992). "May Rudin, 95, a Philanthropist and New York Real-Estate Owner". The New York Times.
- ^ Smith, Kristine (October 30, 2013). "Rudin Family, Boston Honored at NYC Finish Line". New York Road Runners.
- ^ National Medical Fellowships: "NMF Humanitarian Award – Jack Rudin". Archived May 31, 2014, at the Wayback Machine 2013.
