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Sterling Equities

111 Great Neck Road
Great Neck, NY 11021
516-773-3800
Website
Sterling Equities
The cornerstones of Sterling Equities’ business are prime-location properties, private equity, and baseball. The firm in 1980 acquired an interest in the New York Mets, and in 2002 became the ball club’s full owner (it also owns SportsNet New York, a regional sports television network it formed in 2005). However, Sterling Equities’ real estate holdings are the firm’s bread and butter, having developed nearly 25 million square feet of commercial property over the years. Sterling Equities was founded in 1972 by Fred Wilpon and Saul Katz, and within two years it had expanded from New York City to include other such cities as Chicago, St. Louis, and Atlanta. Over the years the firm has developed a number of Class-A properties, including the towers at 575 Fifth Avenue and 450 Lexington Avenue. Its real estate savvy helped the firm build Citi Field $40 million under budget, as well as take over development of the massive Willets Point project. Not so savvy investment decisions led the firm to become embroiled in the Bernie Madoff scandal, however, and the firm in 2012 settled a lawsuit that alleged Sterling invested in Madoff’s Ponzi scheme even though it knew the returns were fraudulent.
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Fred Wilpon ft
02/03/16
UPDATED, 10:30 a.m., Feb. 4: Sterling Equities has responded to reports that a Sterling American Property real estate fund has lost more than $300 million. “Contrary...
15 Crown Street
02/02/16
BCB Property Management is continuing to divest its real estate holdings as co-founder Bennat Charatan Berger shifts his focus to a new venture. The firm...
575 Fifth Avenue ft
02/01/16
UPDATED, 11:30 a.m., Feb. 2: Barneys New York will remain in its corporate headquarters building at 575 Fifth Avenue after signing a 71,000-square-foot lease renewal and...
Willets Point
12/17/15
The planned Willets Point mall can add another ally to its list. Tags: Mayor Bill de Blasio, Willets Point ...
20140611_willets_point
11/24/15
The Related Cos.’ and Sterling Equities’ plans to redevelop a Willets Point parking lot may not be doomed after all. Tags: Related Companies, sterling equities,...
Sterling Equities Williamsburg
11/23/15
Sterling Equities plans to redevelop a Williamsburg warehouse less than a block from the Bedford Avenue L train station. The firm, which is co-developing the...
845_west_end_wilpon thumb
11/17/15
Atlas Capital Group and Fred Wilpon’s Sterling American Property sold a set of 44 condominium units at 845 West End Avenue at 101st Street, banking...
3 World Trade ft
11/09/15
Advertising and marketing giant GroupM is reportedly set to expand its space at Silverstein Properties’ 3 World Trade Center by up to 300,000 square feet....
Fred Wilpon Citi Field thumb
10/23/15
With the Mets on their way to their first World Series in 15 years, the team is projecting booming attendance in 2016. That’s good news...
575 Fifth_Beacon ft
10/15/15
UPDATED, 5:40 p.m., Oct. 15: Real estate investment firm Beacon Capital Partners secured a $321 million loan financing its acquisition of a 50 percent stake in an...
Willets_Pt_from_Citi_Field_jeh tumb
08/28/15
Plans to redevelop and revitalize the Willets Point auto-repair district in Queens have foundered in the face of court challenges and changing city priorities. Tags: Related...
wilpon2 copy feat
08/21/15
SportsNet New York, the Mets’ official TV broadcaster,  is in talks with Silverstein Properties to move its offices to 4 World Trade Center.  Tags: 4 World...
willets west-
08/20/15
The Related Cos. and Sterling Equities’ plans for the Queens neighborhood of Willets Point received a potential death blow this week when the de Blasio administration decided not...
willets west-
07/09/15
After a New York state appellate court shut down plans to build a shopping mall and movie theater on a parking lot next to Citi...
willets west-
07/06/15
A New York state appellate court halted plans by a group of developers, including public and private entities, to build a shopping mall and movie...
Adam Mermelstein and 106 West 144th Street
04/07/15
From left: Adam Mermelstein, 106 West 144th Street and 4321 Broadway From Sugar Hill Properties' $18.6 million acquisition of a 74-unit Washington Heights building to...
willets-point-auto-shops-thumb
03/26/15
A group of automotive businesses in Queens have settled a lawsuit with the city and the developers of Willets Point, creating a big step forward...
260CourtToddKatzfbox
03/18/15
Sterling Equities, the co-developer of the Queens megaproject Willets Point, is continuing its march into Brooklyn. The firm just closed on 260 Court Street, a...
bcb
11/25/14
BCB Property Management, the development firm led by Robert Durst’s estranged wife Debrah Lee Charatan and her son Bennat Charatan Berger, acquired a six-building Upper...
ChaimCahaneVerner902BedfordFbox
09/15/14
UPDATED, 3:33 p.m., Sept. 17: Less than a year after paying $18.2 million for a 65,000-square-foot multifamily rental building in Bedford-Stuyvesant, Springhouse Partners just sold...
WP-5P
08/20/14
UPDATED, 4:42 p.m., Aug. 20: A New York state Supreme Court judge rejected a lawsuit this week from opponents of the Willets Point mega-mall redevelopment...
Willets Point
08/15/14
Opponents of the Willets Point redevelopment claim that, before the city can transfer all the land for the project to developers, additional approvals from the mayor...
363_365_Bond_Lightstone
08/01/14
The Gowanus Canal might be a superfund site, but developers and tenants are flocking to the neighborhood that bears the old industrial waterway’s name. Tags:...
20140611_willets_point
07/31/14
Park advocates and civic leaders opposed to the Related Companies and Sterling Equities’ planned megamall adjacent to Citi Field argued their case in State Supreme...
durstfinalthumb-206x143
07/14/14
Robert Durst, an estranged member of the Durst family, appears to be making a sizable profit off his real estate investments in Brooklyn. Tags: BCB Property Management,...
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Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Richard A. Wilpon is a senior partner at real estate investment firm Sterling...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Jeffrey Wilpon is senior vice president at Sterling Equities and its associated property...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
In 1971 Fred Wilpon co-founded real estate investment firm Sterling Equities, which he...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Tarak Patolia, who is chief investment officer at real estate investment firm Sterling...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Thomas Osterman is a partner at real estate investment firm Sterling Equities, where...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Todd Katz is a partner at real estate investment firm Sterling Equities. Since...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Michael Katz is senior partner at real estate investment firm Sterling Equities, having...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Gregory Katz is a partner at real estate investment firm Sterling Equities, where...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
David Katz is a partner at real estate investment firm Sterling Equities. His...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Saul B. Katz is president of real estate investment firm Sterling Equities, which...
Sterling Equities
111 Great Neck Road, Great Neck, NY, 516-773-3800
Gregory Katz is a partner at real estate investment firm Sterling Equities, where...
  • Event Sales
  • Address 575 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 520,000
  • Price $ 385,000,000
  • Publication Date 07/01/2005
  • Event Date 05/22/2005
  • Party 1 Sterling Equities, CS First Boston, Middle Eastern partner
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 Met Life
notes
[EMPTY]
  • Event Sales
  • Address 28 East 10th Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 8,426
  • Price $ 10,350,000
notes
The ground-floor retail space at the Devonshire House condo conversion sold for $10.35 million.
  • Event Sales
  • Address Clearwater portfolio
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 95,000,000
  • Publication Date 10/01/2005
  • Event Date 08/22/2005
  • Party 1 Sterling Equities
  • Party 2 YL Realty, Nathan Halegua, Martin Newman, Jonis Realty, Serge Hoyda
notes
Sold for $95 million; 224 units, 21 stores total; Eastern Consolidated helped broker deal.
  • Event Office Leasing
  • Address 145 Second Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 1,800
notes
Coffee chain to open in residential apt. building in East Village
Brooklyn, 11231
Sterling Equities, 337 CST 9 OWNER LLC
...
From left: A rending of the Witkoff Group's 5Pointz project and Justin Elghanayan, president of Rockrose Development
There are more than a dozen bridge, tunnel, subway and ferry routes between Manhattan and Queens, and residential ...
Brooklyn, 11231
Sterling Equities, 337 CST 9 OWNER LLC
...
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