Sterling Equities

Sterling Equities is a New York investment and development company established in 1972, working across real estate development, direct and platform investment, consulting, sports and media. In construction terms its most visible current work is Willets Point in Queens, where it develops with Related Companies as Queens Development Group on land owned by the New York City Economic Development Corporation. The first phase, Willets Point Commons, delivers 1,100 all-affordable units across roughly 1.1 million square feet on the remediated Iron Triangle, and New York City calls it the largest 100 percent affordable development in the city in more than 40 years. The wider programme adds a public school, open space, a hotel and a 25,000-seat stadium.

Before Willets Point there was Citi Field. Sterling designed, built and financed the ballpark, an unusual level of involvement for a real estate firm and the project that most clearly demonstrates the combination of development and capital capability the company offers.

The stated focus areas are condominiums, hospitality and industrial real estate alongside multifamily housing, and the business runs across five activities: development, direct investment, platform investment, real estate consulting and debt financing. Being able to take either an equity or a debt position, and to invest in operating platforms as well as in buildings, gives the firm more ways into a deal than a pure developer has.

The portfolio has never been only property. Sports and media holdings, among them SportsNet New York, sit alongside the real estate.

Newer work extends beyond New York. A project called Palm Tree Residences has been announced in Miami’s Park West district.

The firm reorganised in 2026 after more than fifty years as a Katz and Wilpon family partnership, a generational transition of the kind that eventually arrives at every closely held development company.

The office is at 111 Great Neck Road in Great Neck, New York, and the company describes its guiding values as collaboration, agility and civic responsibility.