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60-51 Myrtle Avenue

Updated Sep 10, 2026

Bilt advertisement
Kenneth Schuckman Acquires Mixed-use Property At 60-51 Myrtle Avenue For $2.1M With Broker Steven Hakakian
SOLDMixed-use

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

Steven Hakakian

Schuckman Realty

Broker

$27.8M

vol

13 deals

Broker
Schuckman Realty
Schuckman RealtyBuyer

Ridgewood Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $583 per square foot on a published $2.1M for 3,600 square feet (2026).

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Browse Ridgewood mixed use sales on Traded.

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

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