The elder Jakobson died November 28, 1931, at his residence on 370 Senator Street in Brooklyn.
[1] The firm operated in Brooklyn until around 1938 when it was decided to move to Oyster Bay, New York.
As many as 700 people worked at Jakobson's during the height of production around World War II.
George E. Pataki speaking at that time said, "This cooperative purchase will recapture an important part of Oyster Bay's waterfront and the area's unique maritime character."
Officers and key staff around the time Jakobson's stopped operation were Mr. George J. Hossfeld, President; Mr. John Hossfeld, Shipyard Manager; Mr. William R. Gordon, Vice President; and Ms. Robin Ritter, Office Manager.