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/ |
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]