Meir Babaev
Director Of Investments
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%*
1195th largest portfolio by dollar value
379,346 sqft – specialty 38%, retail 25%, office 22%; Queens 55%, Bronx 44%
1083th largest by SF
8 properties – Queens 75%, Bronx 25%
1424th largest
20 residential units – Bronx 50%, Queens 50%
3914th largest by residential units
1155 foreclosures, 0 bankruptcies, 204 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $14 million
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), Bongho Ha (1), Heskel Group (1), Target Corporation (1), AB & Sons Group (1)
Top Ten Associated People:
Joseph Podesta (1), Bongho Ha (1), Meir Babaev (1), Yeheskel Elias (1), Ganggang Zhao (1), Anthony C. Balbo (1), Jeffrey Simpson (1)
Recent activity as signatory:
• AB Capstone sold 215-15 Northern Boulevard and 215-15 Northern Boulevard, Bayside, Queens for $14 million to Bongho Ha on July 31, 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.
• 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.
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: