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Steven A. Cohen Acquires Queens Stadium From Sterling RE Holdings LLC For $553.9M

Property Image
SOLD
$553,924,375
Fred Wilpon
SC
SK

New York

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Sold 11/06/2020
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Property Image
SOLD

Steven A. Cohen Acquires Queens Stadium From Sterling RE Holdings LLC For $553.9M

Citi Field, Queens

See Similar Deals
Other
Sold 11/06/2020
Fred Wilpon
SC
SK
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Other
Transaction Type:Sale

The CitiField stadium located in Queens has been sold in a closed transaction. The property, which includes 41,922 seats, was purchased by Steven A. Cohen for a total of $553,924,375. The seller of the stadium is Sterling RE Holdings LLC, represented by Fred Wilpon and Saul Katz. The New York Mets will continue to be the tenant of the stadium.

Summary of transaction details:

  • Property Type: Stadium
  • Transaction Amount: $553,924,375
  • Address: @CitiField, Queens
  • Tenant: New York Mets
  • Seller: Sterling RE Holdings LLC – Fred Wilpon & Saul Katz
  • Buyer: Steven A. Cohen
  • Seats: 41,922

Steven A. Cohen, a prominent figure in the business industry, has made the acquisition of CitiField. The seller, Sterling RE Holdings LLC, represented by Fred Wilpon and Saul Katz, finalized the deal. This transaction marks a significant milestone in the world of stadium ownership.

Players

SC
Steven Cohen
6 deals$585.7M volume
BUYER
Fred Wilpon
Fred Wilpon
5 deals$908.8M volume
SELLER
SK
Saul Katz
4 deals$721.1M volume
SELLER

Details

SOLD
IMAGE: Fred Wilpon, Steven A. Cohen & Saul Katz DATE: 11/06/2020 ADDRESS: @CitiField MARKET: Queens ASSET TYPE: Stadium BUYER: Steven A. Cohen SELLER: Sterling RE Holdings LLC – Fred Wilpon & Saul Katz TENANT: @Mets PRICE: $553,924,375 SEATS: 41,922

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