Meir Babaev’s AB Capstone borrows $23M from Argentic Real Estate Investment for property in Astoria

Meir Babaev’s AB Capstone through the entity Northern Blvd Lic LLC as borrower signed a loan agreement with lender Argentic Real Estate Investment LLC valued at $22.5 million for 2 parcels, including the tax class miscellaneous manufacturing building (F9) at 45-01 Northern Boulevard, 34-08 46th Street in Astoria. The deal closed on September 24, 2019 and was recorded on October 10, 2019.
The property contains a total of about 53,000 square feet of built space.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article