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
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