AB Capstone Acquires Commercial Condo In Gravesend, Brooklyn For $30.5M

Wendy Silverstein and Meir Babaev have completed a closed property transaction in Gravesend, Brooklyn. The commercial condo located at 1100 Kings Highway and 2067 Coney Island Avenue has been sold for a significant amount of $30,500,000. Spanning 43,000 square feet, the property offers ample space for various commercial purposes.

Summary of transaction details

• Property Type: Commercial Condo
• Transaction Amount: $30,500,000
• Address: 1100 Kings Highway and 2067 Coney Island Avenue
• City: New York
• Market: Gravesend, Brooklyn
• Square Footage: 43,000 sf

The sale involved NY REIT's representative, Wendy Silverstein, as the seller. The buyer, AB Capstone, was represented by Meir Babaev, who acquired a 70% stake in the property. Investor Richard Harris also played a part in the transaction, acquiring a 30% stake. The deal signifies the collaboration between these key individuals and companies in the real estate market.