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215-15 Northern Boulevard

BHA 164 Northern LLC Acquires Condo From Meir Babaev's AB Capstone For $14M In Bayside Queens
SOLDCondo

BHA 164 Northern LLC Acquires Condo From Meir Babaev's AB Capstone For $14M In Bayside Queens

215-15 Northern Boulevard

$14,000,000

$650/SF

Building Size

21,515 SF

Asset Type

Condo

Closing

Jul 30, 2026

AI

BHA 164 Northen LLC acquired a 21,515-square-foot condo property at 215-15 Northern Boulevard in Bayside, Queens for $14 million ($651/SF).

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $14,000,000
  • Address: 215-15 Northern Boulevard
  • Market: Bayside, Queens
  • Seller: Meir Babaev - AB Capstone
  • Buyer: BHA 164 Northen LLC
  • Square Footage: 21,515
  • Price Per Square Foot: $651
  • Date of Transaction: 07/30/2026

The transaction involved the transfer of the property from developer Meir Babaev, representing AB Capstone, to the buyer entity, BHA 164 Northen LLC.

Players

Meir Babaev

Broker

$71.3M

vol

4 deals

Broker

Meir Babaev

AB Capstone

Seller

$71.3M

vol

4 deals

Seller

Bayside Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93