Choice New York Acquires Goldin in Latest Management Merger
Oct. 2, 2019 — Choice New York has acquired its second company in the past two years.
The wave of consolidation rolls on among the law firms and property management companies that service New York’s co-ops and condominiums. The latest ripple is the announcement that Choice New York Management has acquired Goldin Management, increasing its portfolio to more than 200 buildings in Manhattan, Brooklyn, and Queens, totaling about 7,150 residential units in co-ops, condos, and rental buildings.
“After eight years of purely organic growth, the acquisition of Goldin Management is another step in effectuating the acquisition strategy we formulated two years ago,” says Michael Feldman, co-founder and chief executive of Choice. “We anticipate all of our clients – both Choice’s and Goldin’s alike – will increasingly benefit with improved vendor service and reduced vendor pricing as a direct byproduct of leveraging our larger scale.”
Through this acquisition, Goldin Management’s clients gain access to the services provided by Choice New York Companies, which include property management, building staffing, and a residential brokerage. “We are excited to become a part of the Choice family," says Martin Goldin, founder and chief executive of Goldin. "This is truly great news for our employees and clients."
Choice, founded in 2010, acquired KW Property Management’s New York branch last year. The acquisition of Goldin makes Choice one of the 20 largest property management companies in the city.