Hakakian of Schuckman Realty Achieves New Record Per SF Sale for Four-Family Building in the Ridgewood, Bushwick Area of Queens, New York.

Ridgewood, NY; Schuckman Realty has facilitated the sale of a 2,800 SF, Four-Family building in Ridgewood between Cypress Avenue and Wyckoff Avenue at 16-76 Jefferson Avenue, Queens, NY 11385 for $2,075,000.

The property is located on the Ridgewood, Bushwick border four blocks from the Myrtle Wyckoff L & M train stop and right off Myrtle Ave.

“The buyer was excited about the location of the property, he saw that his tenants could take advantage of both neighborhoods and still be a short commute away from Manhattan”, said Steven Hakakian

Steven Hakakian of Schuckman Realty Inc. Exclusively represented the seller in the challenging environment of the Covid-19 crisis, and successfully negotiated the sale with a buyer who was coming out of a 1031 exchange, achieving a new record of $741 a foot on a four-family building

About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey and the surrounding tri-state area. Schuckman has developed a reputation as a leading retail broker and developer in the New York Metro area, with special expertise in developments, redevelopments, and renovations in all Five Boroughs of New York City and Long Island. As a strategic planner of retail stores, shopping centers and boutique projects, Schuckman has been responsible for tens of millions of square feet of leasing and development and has been hired by numerous national retail chains to facilitate macro–market penetration. We attribute our success to our intimate team’s proficiency in market analysis and site planning, in addition to tireless dedication and extensive experience from both sides of the table.

Keywords: Real Estate Sales, Building Sale, Commercial Real Estate, Multi-family Sales