Yoel Goldman (born 1980) is an American real estate developer who founded the Brooklyn, New York-based development company, All Year Management.
Biography
Goldman was born to a
Hasidic Jewish
Hasidism () or Hasidic Judaism is a religious movement within Judaism that arose in the 18th century as a spiritual revival movement in contemporary Western Ukraine before spreading rapidly throughout Eastern Europe. Today, most of those aff ...
family into the
Satmar dynasty[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 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.
[The Real Deal: "Yoel Goldman biography"]
retrieved September 2, 2016 After intensive lobbying by the Hasidic community to rezone Williamsburg and Greenpoint - where they historically had large holdings - the neighborhoods experienced rapid gentrification.
Goldman was one of the first developers to focus on rentals rather than condominiums in Williamsburg. After the 2008 recession, he purchased numerous buildings in Brooklyn at sharply deflated prices
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)
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.
They settled and divided their jointly owned properties. 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.
[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 In April 2016, he purchased a portion of the
Rheingold Brewery
Rheingold Brewery, also referred to as Rheingold Breweries, or Liebmann Breweries, was the producer and marketer of Rheingold Beer from 1883 until 1987. This article is about both the brewery and its primary brand "Rheingold," which has been ...
site in Bushwick for $72.2 million
from Joseph Tabak’s Princeton Holdings and Robert Wolf’s Read Property Group; in April 2016, he purchased the remainder for $72 million.
[Jewish Business News: "All Year Management Fills Need For Crown Heights Hospitality With 100-Key Hotel Plans" by Benjamin Mazzara]
July 05, 2016 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).
Along with fellow Hasidic developers
Joseph Brunner,
Isaac Hager
Isaac Hager is an American real estate developer who founded the New York City-based Cornell Realty Management.
Biography
Isaac "Itzy" Hager was born in the 1970s and belongs to the Vizhnitz Hasidic Jewish community based in Williamsburg, Brook ...
,
Simon Dushinsky
Simon Dushinsky (born 1972) is an American real estate developer who co-owns the New York City-based Rabsky Group with his partner, Isaac Rabinowitz.
Biography
Dushinsky was born and raised in Israel and belongs to the Vizhnitz Hasidic Jewish ...
, and
Joel Schreiber
Joel Schreiber is a British-born American real estate developer, investor, and founder of Waterbridge Capital.
Biography
Schreiber was born to a Hasidic Jewish family in London. He moved to New York City and in 2000 – with the help of his fam ...
, he is one of the most prominent developers in
Brooklyn
Brooklyn is a Boroughs of New York City, borough of New York City located at the westernmost end of Long Island in the New York (state), State of New York. Formerly an independent city, the borough is coextensive with Kings County, one of twelv ...
credited with helping to gentrify
Williamsburg
Williamsburg may refer to:
Places
*Colonial Williamsburg, a living-history museum and private foundation in Virginia
*Williamsburg, Brooklyn, neighborhood in New York City
*Williamsburg, former name of Kernville (former town), California
*Williams ...
,
Bushwick
Bushwick is a neighborhood in the northern part of the New York City borough of Brooklyn. It is bounded by the neighborhood of Ridgewood, Queens, to the northeast; Williamsburg to the northwest; the cemeteries of Highland Park to the southe ...
,
Greenpoint,
Borough Park, and
Bedford-Stuyvesant.
Developments
*
ODA's 608 Franklin Avenue,
Williamsburg, Brooklyn
Williamsburg is a neighborhood in the New York City borough of Brooklyn, bordered by Greenpoint to the north; Bedford–Stuyvesant to the south; Bushwick and East Williamsburg to the east; and the East River to the west. It was an independe ...
- an eight-story, 106-unit residential project. 125,350 square feet apartment building designed by ODA Architecture
*123 Melrose Street
[New Yorker Magazine: "Can We Get Development in Bushwick Right?" By Justin Davidson]
August 9, 2016
*Condor Hotel (with Zelig Weiss), Williamsburg
*1548 Bedford Ave, 100 room hotel, Crown Heights
*Bushwick II, 800-900 units, Williamsburg
Gothamist: "Sprawling 900 Unit Luxury 'European Village' Coming to Bushwick" by Gaby Del Valle
June 17, 2016
*71 White Street, 112 room hotel, Bushwick
*96 Wythe Avenue, 160-room hotel, Williamsburg[Brooklyn Reader: "Real Talk: New Luxury High Rise Going up on Franklin Ave"]
October 23, 2014
*608 Franklin Avenue, 120 unit, 8 story apartment building, Crown Heights
References
{{DEFAULTSORT:Goldman, Yoel
20th-century American Jews
American businesspeople in real estate
Businesspeople from New York City
1980 births
Living people
Satmar (Hasidic dynasty) members
People from Williamsburg, Brooklyn
21st-century American Jews