Max Kaestner And Nick Kaestner Acquire Mixed-use Property In Park Slope For $5.45M
1021 8th Avenue
$5,450,000
$746/SF
Building Size
7,300 SF
Asset Type
Mixed-use
Closing
Jan 29, 2026
AI
The property asset involved in this transaction is a mixed-use building located at 1021 8th Avenue in the Park Slope market. The sale was finalized for a transaction amount of $5,450,000, with a total square footage of 7,300, resulting in a price per square foot of $746.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,450,000
- Address: 1021 8th Avenue
- Market: Park Slope
- Square Footage: 7,300
- Price per Square Foot: $746
- Buyer: Max Kaestner & Nick Kaestner
- Seller: RYCO Capital
- Brokers: Daniel O'Brien, Caroline Hodes, Henry Hill & Loren Valla - Newmark
The individuals involved in this transaction include buyers Max Kaestner and Nick Kaestner, who acquired the property from the seller RYCO Capital. The brokers representing the parties in this deal are Daniel O'Brien, Caroline Hodes, Henry Hill, and Loren Valla from Newmark, facilitating the transaction.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93