Max Kaestner And Nick Kaestner Acquire Mixed-Use Property In Park Slope For $16.7M

The transaction involved a mixed-use property located at 1021 8th Avenue, 329 Henry Street, and 913 Union Street, situated in the Park Slope & Cobble Hill market of Brooklyn. The sale price reached an amount of $16,700,000. The asset consists of 18 units, combining 2 commercial and 16 residential spaces, with a total square footage of 18,000, resulting in a price per unit of $927,778 and a price per square foot of $928.

Summary of transaction details:

• Property Type: Mixed-use (2 Commercial & 16 Residential)
• Transaction Amount: $16,700,000
• Units: 18
• Price Per Unit: $927,778
• Square Footage: 18,000
• Price Per Square Foot: $928
• Buyer: Max Kaestner & Nick Kaestner
• Seller: James Ryan & Edward Robertson - Ryco Capital
• Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring & Samantha Katz - Investment Property Realty Group (IPRG)
• Date of Sale: 1/30/2026

The deal was successfully brokered as part of a 1031 exchange, highlighting the expertise of the Investment Property Realty Group (IPRG) involved in facilitating the transaction. For building sales results, further inquiries can be directed to IPRG.