Kenneth Schuckman Acquires Mixed-use Property At 60-51 Myrtle Avenue For $2.1M With Broker Steven Hakakian
60-51 Myrtle Avenue
$2,100,000
$583/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Jul 24, 2026
About this deal
AI
The property asset involved in this transaction is located at 60-51 Myrtle Avenue in the Ridgewood market. It is a mixed-use building, consisting of 1 commercial unit and 2 residential units, totaling 3,600 square feet. The sale price for this transaction was $2,100,000, which equates to a price per unit of $700,000 and a price per square foot of $583.
Summary of transaction details:
- Property Type: Mixed-use (1 Commercial & 2 Residential)
- Transaction Amount: $2,100,000
- Units: 3
- Square Footage: 3,600
- Price Per Unit: $700,000
- Price Per Square Foot: $583
- Buyer: Kenneth Schuckman
- Seller: William & Frank Rubino
- Broker: Steven Hakakian - Schuckman Realty
The key individuals behind this deal include Kenneth Schuckman, who acted as the buyer, and William & Frank Rubino, who were the sellers. Steven Hakakian represented the buyer in this transaction, facilitating the deal through Schuckman Realty.
Players
Ridgewood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93