AB Capstone
AB Capstone portfolio
$43.7 million* – specialty 32%, retail 31%; Queens 67%, Bronx 32%
1039th largest portfolio by dollar value
299,923 sqft – specialty 49%, retail 23%;
903th largest by SF
6 properties – Queens 83%, Bronx 16%
1310th largest
10 residential units – Queens 100%, Manhattan 0%
4040th largest by residential units
9 foreclosures, 0 bankruptcies, 7 other court cases.
Company Activity past 24 months:
Borrower company: 1 for $5.3 million
Top Ten Associated Companies:
Lightstone Group (2), Arch Companies (1), AB & Sons Group (1), Ganggang Zhao (1), Nassau Educators Federal Credit Union (1), Argentic Investment Management (1), Turret Equities (1), Fairbridge Asset Management (1), Spiel Associates affilate (1), AB Capstone (1)
Top Ten Associated People:
Jeffrey Simpson (1), Ganggang Zhao (1), Anthony C. Balbo (1), Meir Babaev (1), Yeheskel Elias (1)
Recent activity as company:
• AB Capstone borrowed $5.3 million from Fairbridge Asset Management for 179-24 Union Turnpike, Jamaica Estates, Queens on January 19, 2024.
• AB Capstone sold 1633 East 16th Street, Sheepshead Bay, Brooklyn for $22.3 million to Arch Companies on September 12, 2022.
• AB Capstone sold 47-16 Greenpoint Avenue and 47-16 Greenpoint Avenue, Sunnyside, Queens for $23.5 million to Ganggang Zhao on July 15, 2022.
• AB Capstone borrowed $0 from Turret Equities for 251-77 Jericho Turnpike, Bellerose Manor, Queens on March 07, 2022.
• AB Capstone sold 2067 Coney Island Avenue and 1100 Kings Highway, Sheepshead Bay, Brooklyn for $18 million to AB & Sons Group on December 20, 2021.
• AB Capstone sold 87-10 Northern Boulevard, Jackson Heights, Queens for $18.4 million to Heskel Group on December 07, 2021.
• AB Capstone borrowed $26.5 million from Lightstone Group for 45-01 Northern Boulevard and 34-08 46th Street, Astoria, Queens on November 22, 2021.
• AB Capstone borrowed $11 million from Lightstone Group for 38-27 30th Street, Long Island City, Queens on February 21, 2020.
• AB Capstone sold 38-27 30th Street, Long Island City, Queens for $7 million to AB Capstone on February 21, 2020.
• AB Capstone sold 3-50 St. Nicholas Avenue, 54-31 Myrtle Avenue, 54-21 Myrtle Avenue, 13210 St Nicholas Avenue, 18323 St Nicholas Avenue, 16-37 Woodbine Street, Ridgewood, Queens for $0 to Target Corporation on December 20, 2019.
Latest Stories:
• $10.8M pre-foreclosure filed at Sheepshead Bay dev site (October 25, 2023)
• Investor fears $350M loss if Arch Companies files bankruptcy (October 11, 2023)
• Courts roundup: Arch Companies sues AB Capstone, Karten sues Schuster (February 21, 2023)
• Arch Companies pays $22.3M to AB Capstone for dev site in Sheepshead Bay (September 13, 2022)
• AB Capstone sells new construction Sunnyside mixed-use building for $23.5M (July 18, 2022)
Court Records:
Properties: