Yoel Goldman (born 1980) is an American real estate developer who founded the Brooklyn, New York-based development company, All Year Management.
Yoel Goldman | |
|---|---|
| Born | 1980 (age 43–44) |
| Nationality | American |
| Occupation | Real estate developer |
| Known for | Founder of All Year Management |
| Website | http://www.allyearmgt.com/ |
Biography
editGoldman was born to a Hasidic Jewish family into the Satmar dynasty[1] He was raised in Borough Park and began his career in the 2000s by purchasing small, multifamily properties and later, large multifamily buildings and development of new buildings.[2] After intensive lobbying by the Hasidic community to rezone Williamsburg and Greenpoint - where they historically had large holdings - the neighborhoods experienced rapid gentrification.[1] Goldman was one of the first developers to focus on rentals rather than condominiums in Williamsburg.[3] After the 2008 recession, he purchased numerous buildings in Brooklyn at sharply deflated prices[1] and when the economy turned, reaped the benefits from the economic recovery.
In 2012, along with his partners Toby Moskovits, he purchased the Williamsburg Generator site for $31.8 million, from the real estate developer)[1] His relationship with Moskovits ended in 2015 after she accused him and their other partner, Joel Gluck, of issuing a bond in Israel using her interest in the partnership as collateral without her consent.[2] They settled and divided their jointly owned properties.[4] In the spring of 2014, he was criticized for purchasing 14 Crown Heights apartment buildings and then drastically increasing the rents; he later reduced the increases.[5][6] In April 2016, he purchased a portion of the Rheingold Brewery site in Bushwick for $72.2 million[1] from Joseph Tabak’s Princeton Holdings and Robert Wolf’s Read Property Group; in April 2016, he purchased the remainder for $72 million.[7] As of August 2016, Goldman owns a portfolio of 140 rental buildings valued at $850 million (based on a bond offering on the Tel Aviv Stock Exchange which included most of his holdings).[1][8]
Along with fellow Hasidic developers Joseph Brunner, Isaac Hager, Simon Dushinsky, and Joel Schreiber, he is one of the most prominent developers in Brooklyn[9][10][11] credited with helping to gentrify Williamsburg, Bushwick, Greenpoint, Borough Park, and Bedford-Stuyvesant.[1]
Developments
edit- ODA's 608 Franklin Avenue, Williamsburg, Brooklyn - an eight-story, 106-unit residential project. 125,350 square feet apartment building designed by ODA Architecture[12]
- 123 Melrose Street [13]
- Condor Hotel (with Zelig Weiss), Williamsburg[14]
- 1548 Bedford Ave, 100 room hotel, Crown Heights[15][16]
- Bushwick II, 800-900 units, Williamsburg[17][18]
- 71 White Street, 112 room hotel, Bushwick[7]
- 96 Wythe Avenue, 160-room hotel, Williamsburg[19]
- 608 Franklin Avenue, 120 unit, 8 story apartment building, Crown Heights[19]
References
edit- ^ a b c d e f g The Real Deal: "Learning and earning: Hasidic Brooklyn’s real estate machers - Investors from ultra-Orthodox sect have spent $2.5B+ in 5 areas over past decade" by Mark Maurer August 22, 2016
- ^ a b The Real Deal: "Yoel Goldman biography" retrieved September 2, 2016
- ^ The Real Deal: "The quiet investors remaking Brooklyn - A guide to the mid-size players taking the borough by storm" By Mark Maurer December 01, 2015
- ^ The Real Deal: "Toby Moskovits to settle lawsuits with ex-partners - Goldman, Gluck buying Heritage Equity chief out of projects -- and vice versa" by Mark Maurer October 09, 2015
- ^ Crain's New York: "Residents beat eviction, but worry about the consequences - Developers who pay too much for affordable housing raise" concerns" By Joe Anuta October 5, 2015
- ^ The Real Deal: "Tenants who beat massive rent spikes now fear owner neglect - Critics say Yoel Goldman could let affordable housing properties fall into disrepair" October 05, 2015
- ^ a b Jewish Business News: "All Year Management Fills Need For Crown Heights Hospitality With 100-Key Hotel Plans" by Benjamin Mazzara July 05, 2016
- ^ The Real Deal: "Yoel Goldman’s All Year set to raise $66M in Israeli bonds - Brooklyn investor's second offering to fund projects such as Rheingold Brewery development" By Rey Mashayekhi February 26, 2016
- ^ "LISTEN: TRD talks Hasidic real estate empire on WNYC: Ultra-Orthodox investors poured $2.5B into prime Brooklyn real estate". The Real Deal. August 26, 2016.
- ^ The Real Deal: "Learning and earning: Hasidic Brooklyn’s real estate machers: Investors from ultra-Orthodox sect have spent $2.5B+ in 5 areas over past decade: TRD analysis" By Mark Maurer August 22, 2016
- ^ Jewish Voice New York: "Chassidic Developers Dominate Brooklyn Real Estate Scene" by Shimon Weinberger August 24, 2016
- ^ New York Yimby: "608 Franklin Avenue"
- ^ New Yorker Magazine: "Can We Get Development in Bushwick Right?" By Justin Davidson August 9, 2016
- ^ Bedford and Bowery: "Closer Look at Level Hotel, a Gentle Giant Due to Hit Williamsburg By Year’s End" By Jaime Cone March 9, 2015
- ^ Business Now: "All Year Management Fills Need For Crown Heights Hospitality With 100-Key Hotel Plans" by Benjamin Mazzara July 05, 2016
- ^ The Real Deal: "Yoel Goldman plans 100-key Crown Heights hotel - Five-story building on Bedford Avenue slated to hold restaurants, banquet hall" By Will Parker July 01, 2016
- ^ Jewish Business News: "Yoel Goldman Planning Colossal Rental Building at Rheingold Brewery Site - 1 million-square-foot, ODA-designed Bushwick II to contain 800-900 units" June 16, 2016
- ^ Gothamist: "Sprawling 900 Unit Luxury 'European Village' Coming to Bushwick" by Gaby Del Valle June 17, 2016
- ^ a b Brooklyn Reader: "Real Talk: New Luxury High Rise Going up on Franklin Ave" October 23, 2014