Wendy Silverstein, Meir Babaev and 1100 Kings Highway (Credit: CUNY TV)
AB Capstone s Meir Babaev is the majority buyer of two of New York REIT s retail properties for $30.5 million.
Babaev, along with a partner, purchased 1100 Kings Highway and 2067 Coney Island Avenue in Gravesend, documents filed with the city s Department of Finance on Friday. He owns a 70 percent stake in the properties. Investor Richard Harris purchased the remaining 30 percent, records show. The Real Deal reported in March that 2067 Coney Island Avenue was under contract.