Avery Hall snaps up Yoel Goldman’s stalled hotel site

Excerpt from the Real Deal website: Avery Hall Investments scooped up a Crown Heights development site where Yoel Goldman once planned to build a flashy hotel.

The developer shelled out $10.1 million for 1550 Bedford Avenue, which Goldman put into bankruptcy early this year. Goldman had valued the site at $14 million.

Maxim Capital provided financing for the purchase, said Avery Hall principal Brian Ezra, adding the firm is weighing “multiple uses” for the property. An Avison Young team including Charles Kingsley, Erik Edeen and Patrick Madigan represented Goldman and the lender, Downtown Capital Partners, in the deal.

Read the full article here: https://therealdeal.com/new-york/2025/08/20/avery-hall-snaps-up-yoel-goldmans-busted-crown-heights-hotel-site/