Meir Babaev
AB Capstone
Owner
Private Equity
33-06 88th Street Suite 210 Queens, NY, 11372
33-06 88th Street Suite 201 Queens, NY, 11372
AB Capstone|Meir Babaev NYC portfolio
$168.7 million -specialty 40%, retail 26%, office 18%; Queens 56%, Bronx 43%*
1072th largest portfolio by dollar value
379,346 sqft – specialty 38%, retail 25%, office 22%; Queens 55%, Bronx 44%
1011th largest by SF
8 properties – Queens 75%, Bronx 25%
1290th largest
20 residential units – Bronx 50%, Queens 50%
3732th largest by residential units
9 foreclosures, 0 bankruptcies, 10 other court cases.
Person Activity past 24 months:
Borrower signatory: 3 for $24 million
Top Ten Associated Companies:
Lightstone Group (2), AB Capstone (1), Argentic Investment Management (1), Stabilis Capital Management (1), Broadfield Realty Capital (1), Wachtel Missry registered (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 signatory:
• 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.
• 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.
• AB Capstone borrowed $26.5 million from Lightstone Group for 34-27 45 Street on November 05, 2021.
• AB Capstone sold Own 1 middle school for $7 million to AB Capstone on February 20, 2020.
Latest Stories:
• Broadfield Realty buys $23.5M note secured by AB Capstone building in Bellerose (March 11, 2025)
• AB Capstone signs $24M refi with Stabilis for retail in Jamaica Estates (March 05, 2025)
• $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: