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
About this deal
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.
On the Map
$14,000,000
$650/SF
Condo
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Bayside Condo Market Snapshot
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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