Marvin Kratter (born November 9, 1915, in Brooklyn, died October 24, 1999, in Encinitas, California) was a New York-based real estate developer who was the head of the Kratter Corporation, National Equities, Countrywide Realty, Knickerbocker Brewery, Rom-American Pharmaceuticals, and the Boston Celtics.
Kratter's ranch went bankrupt in 1949 and he moved back to New York City, where he became one of the first to practice real estate syndication.
[1] Kratter bought Ebbets Field from Brooklyn Dodgers owner Walter O'Malley for about $2,000,000 on October 31, 1956.
[5] The deal included a five-year lease that allowed the Dodgers to move out as soon as a proposed Downtown Brooklyn stadium was ready for business and Kratter to raze the ballpark and redevelop the land for a $25 million housing project beginning in 1961.
[1] Kratter also developed the St. Tropez, one of the first condominium apartment buildings in the city and owned the St. Regis Hotel and the Knickerbocker Brewery.