AB Capstone

Owner, Developer

Private Equity

33-06 88th Street Suite 210 Queens, NY, 11372

33-06 88th Street Suite 201 Queens, NY, 11372

abcapstone.com

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AB Capstone NYC portfolio

$168.7 million -specialty 40%, retail 26%, office 18%; Queens 56%, Bronx 43%*

1059th largest portfolio by dollar value

379,346 sqft – specialty 38%, retail 25%, office 22%; Queens 55%, Bronx 44%

992th largest by SF

8 properties – Queens 75%, Bronx 25%

1261th largest

20 residential units – Bronx 50%, Queens 50%

3677th largest by residential units

9 foreclosures, 0 bankruptcies, 8 other court cases.

Company Activity past 24 months:

Seller company: 1 for $27.2 million

Borrower company: 3 for $24 million

Top Ten Associated Companies:

Lightstone Group (3), Argentic Investment Management (1), Stabilis Capital Management (1), Broadfield Realty Capital (1), Wachtel Missry registered (1), Nassau Educators Federal Credit Union (1), Heskel Group (1), Target Corporation (1), AB & Sons Group (1), Ganggang Zhao (1)

Top Ten Associated People:

Joseph Podesta (1), Meir Babaev (1), Yeheskel Elias (1), Ganggang Zhao (1), Jeffrey Simpson (1), Anthony C. Balbo (1)

Recent activity as company:

• AB Capstone sold 34-27 45 Street for $27.2 million to Lightstone Group on March 13, 2026.

• Wachtel Missry registered on October 28, 2025 bought a loan with an original principal of $6.8 million from Valley National Bank, signed by Javier M. Lopez, secured by 2406 Hoffman Street, when owned by AB Capstone.

• AB Capstone borrowed $24 million from Stabilis Capital Management for 187-06 Union Turnpike on January 31, 2025.

• Broadfield Realty Capital on January 23, 2025 bought a loan with an original principal of $23.5 million from Madison Realty Capital, signed by Urian Yap, secured by 251-77 Jericho Turnpike, when owned by AB Capstone.

• AB Capstone borrowed $5.3 million from Fairbridge Asset Management for 179-24 Union Turnpike on December 21, 2023.

• AB Capstone sold 1604 Avenue P for $22.3 million to Arch Companies on August 25, 2022.

• AB Capstone sold 47-16 Greenpoint Avenue and 47-16 Greenpoint Avenue, Sunnyside, Queens for $23.5 million to Ganggang Zhao on July 01, 2022.

• Turret Equities on February 18, 2022 bought a loan with an original principal of $23.5 million from Jovia Financial, signed by Howard Shim, secured by 251-77 Jericho Turnpike, when owned by AB Capstone.

• AB Capstone sold 2073 Coney Island Avenue for $18 million to AB & Sons Group on November 30, 2021.

• AB Capstone ground leased 33-01 87 Street valued at $18.4 million to Heskel Group on November 12, 2021.