Philip (Philly Katz) Albanese was born in 1907 on the Lower East Side. Since the mid-1950s, he had resided in Nassau County on Long Island at 1108 Phillip Court in Valley Stream.
Albanese had a brother, Anthony (Tony Katz), who was also a Genovese Soldier. He also had a young son who would become affiliated with this borgata as well.
Philly Katz stood 5-foot 9-inches tall and weighed 180-pounds with dark brown hair and eyes and a stocky, but sallow complexion.
FBI #4042881 NYCPD #B-282814
Albanese was active as boss of the 4th Ward in lower Manhattan for his regime.
He was a major waterfront racketeer and power on the North River, piers 27 and 28, where he held a hidden ownership of a dock loading firm. He utilized this stevedoring firm to “shakedown” companies on the docks.
Albanese was also active in labor extortion, narcotics, shylocking, and strong-arm work.
He was a close associate of:
• Joseph (Joe Socks) Lanza
• Rosario (Saro) Mogavero
• Ottilio (Frankie the Bug) Caruso
• Ignazio (Joe Curly) Agone (his brother-in-law)
• Joseph (Joe Beck) Lapi
• George (Georgie Hooks) Nobile
• Vito Tozzi, Eugene Euricola
• Joseph Marone
• Frank (Frankie Iodine) Donato
… among others
His arrest record commences in 1925 for robbery (15 years,) heroin sales (9 months,) tax evasion (5 years,) forgery, and disorderly conduct.
Albanese ran dice games on the North River Piers – a power and highly-respected hoodlum for many years!