Sterling Equities
American business group
Sterling Equities is a diversified, family-run group of companies based in Great Neck, New York whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area. These include SportsNet New York, the New York Excelsior, Sterling Project Development, and a number of real estate investment portfolios and real estate services businesses. The firm became embroiled in the Bernie Madoff Scandal exposing a relationship between Sterling Equities partners and Bernie Madoff spanning 20 years. The partners eventually settled a billion dollar suit with the Madoff Trustee, Irving Picard, for $161 million.
Holdings and history
Sterling Equities is a diversified, family-run group of companies whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area. These formerly included the New York Mets of Major League Baseball (an interest was acquired in 1980, and it was a full owner from 2002 to 2020, when Steve Cohen bought the team and the Mets' low-level Minor League Baseball affiliate, the Brooklyn Cyclones), but continue to include SportsNet New York (a regional sports TV network it formed in 2005), the New York Excelsior of Overwatch League, Sterling Project Development, and a number of real estate investment portfolios and real estate services businesses (it has developed nearly 25 million square feet of commercial property).
It was founded in 1972 by Fred Wilpon (Chairman) and Saul Katz (President), Wilpon's brother-in-law.
It has developed a number of properties, including the tower at 450 Lexington Avenue. It built Citi Field $40 million under budget, and took over development of a Willets Point project.
Madoff Ponzi Scheme
Sterling Equities was embroiled in the Bernie Madoff scandal.
“Sterling Equities” enters the record as american business group. Crown Archives preserves that source wording while asking what Sterling, Equities and American can confirm, complicate or overturn.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Jun 15, 2026. The linked authority identifier is Q74114713. None of the 0 selected statements returned an explicit reference. The first chronological checks are 1980, 2002, 2020 and 2005.
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This entry incorporates text from “Sterling Equities” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.