Yoel Goldman

Last updated
Yoel Goldman
Born1980 (age 43–44)
NationalityAmerican
OccupationReal estate developer
Known forFounder of All Year Management
Website http://www.allyearmgt.com/

Yoel Goldman (born 1980) is an American real estate developer who founded the Brooklyn, New York-based development company, All Year Management.

Contents

Biography

Goldman 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

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References

  1. 1 2 3 4 5 6 7 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
  2. 1 2 The Real Deal: "Yoel Goldman biography" retrieved September 2, 2016
  3. ↑ 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
  4. ↑ 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
  5. ↑ 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
  6. ↑ 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
  7. 1 2 Jewish Business News: "All Year Management Fills Need For Crown Heights Hospitality With 100-Key Hotel Plans" by Benjamin Mazzara July 05, 2016
  8. ↑ 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
  9. ↑ "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.
  10. ↑ 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
  11. ↑ Jewish Voice New York: "Chassidic Developers Dominate Brooklyn Real Estate Scene" by Shimon Weinberger August 24, 2016
  12. ↑ New York Yimby: "608 Franklin Avenue"
  13. ↑ New Yorker Magazine: "Can We Get Development in Bushwick Right?" By Justin Davidson August 9, 2016
  14. ↑ 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
  15. ↑ Business Now: "All Year Management Fills Need For Crown Heights Hospitality With 100-Key Hotel Plans" by Benjamin Mazzara July 05, 2016
  16. ↑ 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
  17. ↑ 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
  18. ↑ Gothamist: "Sprawling 900 Unit Luxury 'European Village' Coming to Bushwick" by Gaby Del Valle June 17, 2016
  19. 1 2 Brooklyn Reader: "Real Talk: New Luxury High Rise Going up on Franklin Ave" October 23, 2014
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