Ido Paul Amit
Sterling Town Equities
Sterling Town Equities|Ido Paul Amit portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$36.4 million – elevator 83%, industrial 8%; Brooklyn 100%, Manhattan 0%
1160th largest portfolio by dollar value
231,579 sqft – elevator 77%, industrial 10%;
1052th largest by SF
12 properties – Brooklyn 100%, Manhattan 0%
145th largest
169 residential units – Brooklyn 100%, Manhattan 0%
629th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $11.7 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $15.6 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Morgan Stanley (1), Maxim Capital Group (1), Parkland Group (1), Yanina Associates (1), Property Markets Group (1)
Top Ten Associated People:
Cynthia Eckes (1), Steven Brauser (1), Mordechai Braun (1), Richard Lam (1)
Recent activity as signatory:
• 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.
• Sterling Town Equities borrowed $15.6 million from Yanina Associates for 72 Box Street, Greenpoint, Brooklyn on February 29, 2024.
• Ido Paul Amit borrowed $16 million from Maxim Capital Group for 125 3rd Street, Gowanus, Brooklyn on March 11, 2022.
• Property Markets Group sold 125 3rd Street, Gowanus, Brooklyn for $21.6 million to Ido Paul Amit on March 11, 2022.
• Sterling Town Equities borrowed $14.4 million from Morgan Stanley for 1035 Fulton Street, Clinton Hill, Brooklyn on January 25, 2022.
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
• $21.6M paid to Property Markets Group for Orange Management dev site in Gowanus March 14, 2022