Meir Babaev
Owner
Meir Babaev portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$19.9 million – office 100%; Queens 100%, Manhattan 0%
1728th largest portfolio by dollar value
84,352 sqft – office 100%;
2113th largest by SF
9 foreclosures, 0 bankruptcies, 6 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $5.3 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Lightstone Group (2), Arch Companies (1), AB & Sons Group (1), Ganggang Zhao (1), Argentic Investment Management (1), Fairbridge Asset Management (1), AB Capstone (1), Target Corporation (1), Heskel Group (1)
Top Ten Associated People:
Jeffrey Simpson (1), Ganggang Zhao (1), Anthony C. Balbo (1), Meir Babaev (1), Yeheskel Elias (1)
Recent activity as signatory:
• AB Capstone borrowed $5.3 million from Fairbridge Asset Management for 179-24 Union Turnpike, Jamaica Estates, Queens on January 19, 2024.
• Meir Babaev filed plans for major alteration for 8,792 sqft in Jamaica Estates, Queens, on November 21, 2022.
• 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 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.
• Meir Babaev filed plans for major alteration for 22,907 sqft in Bayside, Queens, on July 15, 2021.
• Meir Babaev filed plans for major alteration for 11,720 sqft in Midland Beach, Staten Island, on October 01, 2020.
• Meir Babaev filed plans for major alteration for 25,000 sqft in Long Island City, Queens, on June 30, 2020.
Latest Stories:
• $10.8M pre-foreclosure filed at Sheepshead Bay dev site October 25, 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
• Isaac Chetrit buys $21.5M note secured by AB Capstone retail March 16, 2021
• Target signs 33K lease at AB Capstone’s under-construction Ridgewood tower December 23, 2019
Litigation: