Sterling Town Equities
People:
Sterling Town Equities NYC portfolio
$125.7 million -elevator 66%, industrial 29%, walkup 3%; Brooklyn 100%*
1422th largest portfolio by dollar value
231,579 sqft – elevator 77%, industrial 10%, walkup 7%; Brooklyn 100%
1500th largest by SF
12 properties – Brooklyn 100%
934th largest
169 residential units – Brooklyn 100%
1354th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 1 for $11.7 million
Borrower company: 1 for $30 million
Developer (new building or major alteration): 1 for 42,453 square feet
Top Ten Associated Companies:
Bank Hapoalim (2), Yanina Associates (1), Daniel Chitrik (1), Valley National Bank (1), Morgan Stanley (1)
Top Ten Associated People:
Mordechai Braun (1), Tal Shpaizer (1), Douglas Rutley (1), Daniel Chitrik (1), Cynthia Eckes (1)
Recent activity as company:
• Sterling Town Equities borrowed $30 million from Valley National Bank for 111 Underhill Avenue on March 30, 2026.
• Sterling Town Equities for Paul Amit filed plans for major alteration for 42,453 sqft in Prospect Heights, Brooklyn, on March 24, 2025.
• Parkland Group sold 111 Underhill Avenue for $11.7 million to Sterling Town Equities on August 02, 2024.
• Sterling Town Equities borrowed $15.6 million from Yanina Associates for 72 Box Street on February 27, 2024.
• Sterling Town Equities sold 11 Herkimer Place for $3.1 million to Daniel Chitrik on April 25, 2022.
• Sterling Town Equities borrowed $28.7 million from Bank Hapoalim for None on April 09, 2021.
• Sterling Town Equities borrowed $15 million from Bank Hapoalim for None on April 09, 2021.
• Sterling Town Equities sold None for $0 to The buyer on August 26, 2019.
• Sterling Town Equities for Paul Amit filed plans for new building for 67,572 sqft in Boerum Hill, Brooklyn, on June 19, 2019.
• Sterling Town Equities borrowed $14.4 million from Morgan Stanley for 101 Downing Street on February 28, 2017.
Latest Stories:
• Sterling Town Equities pays $11.7M for likely dev site in Prospect Heights (August 06, 2024)
• Joyland Group signs $66M construction loan with iCross Capital in Gowanus (March 06, 2024)
• Joyland Group pays $30.5M to Orange Management for dev site in Gowanus (September 28, 2023)
• Partnership dispute over Rotem Rosen’;s $27.5M Gowanus parcel purchase offer (February 23, 2023)
• Dylan Bell pays $3.1M to Sterling Town Equities for office in Bed Stuy (May 06, 2022)
• $21.6M paid to Property Markets Group for Orange Management dev site in Gowanus (March 14, 2022)
Court Records:
Properties: