Sterling Equities | The Real Deal New York

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Sterling Equities

111 Great Neck Road
Great Neck, NY 11021
(516) 773-3800
Website

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 it 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 that Sterling invested in Madoff's Ponzi scheme even though it knew the returns were fraudulent.


06/08/17
...ruled on Tuesday that a long-delayed proposal from Sterling Equities and Related Companies to turn the former site of Shea Stadium into a major...

06/06/17
...Flushing-Corona. Queens Development Group, a joint venture between Sterling Equities and Related Companies, proposed a plan in 2011 to develop the land, calling for retail...

04/25/17
...which is being developed by Related Companies and Sterling Equities, is expected to feature a one-million-square foot mall near Citi Field. Previously, the city...

01/31/17
...Jonathan Ledecky and Scott Malkin began talking with Sterling Equities about building a new hockey arena next to Citi Field in Queens. Prokhorov bought...

09/13/16
...to expand. This time the standoff is between Sterling Equities , a consortium of real estate, sports and media companies that owns the New York...

08/10/16
...plays at Barclays Center, recently began talks with Sterling Equities to build an arena in Queens.   – Konrad Putzier...

07/22/16
...borough. The NHL franchise is in talks with Sterling Equities to build a new hockey arena next to the Citi Field baseball stadium in...

02/03/16
...Fred Wilpon UPDATED, 10:30 a.m., Feb. 4: Sterling Equities has responded to reports that a Sterling American Property real estate fund has lost...

02/02/16
...two separate buyers for a total of $37.8 million. Sterling Equities, led by New York Mets bosses Fred Wilpon and Saul Katz, picked up a...

02/01/16
...from a partnership that included Fred Wilpon’s Sterling Equities in 2005. Barneys, meanwhile, moved its visual department to a 10,000-square-foot manufacturing and office space...

12/17/15
...which opted out of supporting Related Companies and Sterling Equities earlier this year. At the time, the mayor said the plan — which includes a...

11/24/15
...and Stephen Ross The Related Cos.' and Sterling Equities’ plans to redevelop a Willets Point parking lot may not be doomed after all...

11/23/15
...Fred Wilpon and 177 North 7th Street in Williamsburg Sterling Equities plans to redevelop a Williamsburg warehouse less than a block from the Bedford Avenue...

11/17/15
...Property is a ground of funds owned by Sterling Equities and American Securities. The average sales price at the building, based on 46 previous sales...

11/09/15
...owned and managed by Silverstein. Fred Wilpon’s Sterling Equities and Sterling Project Development will join SNY at 4 World Trade Center. Wilpon owns both...

10/23/15
...Early last year, the Related Companies, along with Sterling Equities, sought to build a shopping mall on top of the Citi Field parking lot...

10/15/15
...partnership that included Mets owner Fred Wilpon’s Sterling Equities. A MetLife spokesperson confirmed Beacon's acquisition of a 50 percent stake in the commercial condo...

08/28/15
...June saying that developers the Related Cos. and Sterling Equities could not build a mall on the site, east of Citi Field in Queens...

08/21/15
...is owned, like the Mets, by Fred Wilpon's Sterling Equities. The cable network currently makes its home at the Time-Life Building in Midtown, occupying...

08/20/15
...Queens and Stephen Ross The Related Cos. and Sterling Equities’ plans for the Queens neighborhood of Willets Point received a potential death blow this...

07/09/15
...which was proposed by the Related Cos. and Sterling Equities, have said that the mall is needed to help the redevelopment of Willets Point...

07/06/15
...approved plans for the project. Related Companies and Sterling Equities conceived of the project, dubbed Willets West, in partnership with the city. It would...

04/07/15
...rights. Thomas Reynolds is the seller. 3.) In Brooklyn, Sterling Equities, controlled by the Wilpon and Katz families, purchased a Cobble Hill retail site at...

03/26/15
...toward the realization of the Related Companies' and Sterling Equities...

03/18/15
...Court Street in Cobble Hill and Todd Katz Sterling Equities, the co-developer of the Queens megaproject Willets Point, is continuing its march into Brooklyn...
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 1378-1384 Bedford Avenue
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Square feet 38,400
  • Price $ 25,100,000
  • Price per foot $ 653.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Cornell Realty Manage
  • Party 2 Sterling Equities
notes
The property sold for $25.1 million.
  • Event Sales
  • Address 15-25 Crown Street
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Square feet 51,000
  • Price $ 20,800,000
  • Price per foot $ 407.84
notes
The multifamily residential building sold for $20.8 million.
  • Event Sales
  • Address 28 East 10th Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 8,426
  • Price $ 10,350,000
  • Price per foot $ 1,228.34
notes
The ground-floor retail space at the Devonshire House condo conversion sold for $10.35 million.
  • Event Sales
  • Address Clearwater portfolio
  • Borough Manhattan
  • Price $ 95,000,000
notes
Sold for $95 million; 224 units, 21 stores total; Eastern Consolidated helped broker deal.
  • Event Sales
  • Address 575 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 520,000
  • Price $ 385,000,000
  • Price per foot $ 740.38
  • 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, 11225
15 CROWN STREET LLC
15 Crown Street is a 51,000 square foot property built in 1927 in...
Brooklyn, 11225
835 FRANKLIN II LLC
1059 Union Street is a 42,285 square foot property built in 1927 in...
Brooklyn, 11220
STERLING EQUITIES, 37-19 REALTY INC.
6128 8th Avenue is a 5,600 square foot property built in 1918 in...
Manhattan, 10009
Sterling Equities, 298 EAST VILLAGE OWNER LLC
298 East 2nd Street is a 13,767 square foot property in the East...
Manhattan, 10022
Sterling Equities, STERLING PLAZA CONDOM
...
Brooklyn, 11231
Sterling Equities, 337 CST 9 OWNER LLC
...
Queens, 11368
Willets Point is an area in Corona, Queens, bounded by Northern Boulevard, 126th...

...long-time industrial) neighborhoods. That’s the case at Sterling Equities and Related’s Willets Point, a $3 billion plan to redevelop the 23 acres around Citi...
Manhattan, 10009
Sterling Equities, 298 EAST VILLAGE OWNER LLC
298 East 2nd Street is a 13,767 square foot property in the East...
Brooklyn, 11231
Sterling Equities, 337 CST 9 OWNER LLC
...
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