Mixed-use Property At 73 8th Avenue Sold For $4.55M In Park Slope With Brokers Remi Norris & John Ceccoli
73 8th Avenue
$4,550,000
$707/SF
Building Size
6,433 SF
Asset Type
Mixed-use
Closing
Oct 8, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 73 8th Avenue in the Park Slope neighborhood of Brooklyn. It consists of one commercial unit and four residential units, totaling 6,433 square feet. The transaction was completed at a sale price of $4,550,000, resulting in a price per unit of $910,000 and a price per square foot of $707.
Summary of transation details:
- Property Type: Mixed-use (1 Commercial & 4 Residential)
- Transaction Amount: $4,550,000
- Units: 5
- Square Footage: 6,433
- Price per Unit: $910,000
- Price per Square Foot: $707
- Date of Sale: 10/08/2026
- Broker Representatives: Remi Norris & John Ceccoli - Terra CRG
Remi Norris and John Ceccoli represented the seller in this deal, providing their expertise through Terra CRG. Their involvement underscores the importance of skilled brokerage in assisting with complex transactions in the Brooklyn market.
On the Map
$4,550,000
$707/SF
Mixed-use
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Players
Brooklyn 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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93