111 Underhill Avenue
Prospect Heights, Brooklyn
Parcel ID (BBL): 3011530005
Owner: Sterling Town Equities
Acquired: August 05, 2024, $11.7 million
Debt: April 22, 2026, $30 million
Built: 1930
SF: 23,044
Dwelling units: 0
No. of buildings: 1
Class: Garage – Two or More Stories (G1)
Floors: 2
Transactions:
• Sterling Town Equities borrowed $30 million from Valley National Bank for 105 Underhill Avenue and 326 St Marks Avenue, Prospect Heights, Brooklyn on April 22, 2026.
• Parkland Group sold 105 Underhill Avenue and 326 St Marks Avenue, Prospect Heights, Brooklyn for $11.7 million to Sterling Town Equities on August 05, 2024.
Development:
• Sterling Town Equities filed major alteration job B01117069 for 36,568 sqft R-2 building with 21 apartments in Prospect Heights, Brooklyn, on March 24, 2025.
• Hung Pin Hung filed alteration job B01365151 for 1,372 sqft building with 21 apartments in Prospect Heights, Brooklyn, on March 04, 2026.
• Hung Pin Hung filed alteration job B01365149 for 30,622 sqft building with 21 apartments in Prospect Heights, Brooklyn, on March 04, 2026.
• Paul Amit filed alteration job B01313443 for 1 sqft building with 0 apartments in Prospect Heights, Brooklyn, on November 21, 2025.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received two DOB violations, $17,500 in ECB penalties, and $17,500 in OATH penalties in the last year.