Joseph Merola Jr. Acquires Multifamily Property On Bergen Street In Park Slope For $4.1M

Joseph Merola Jr. has purchased a five-unit residential walkup building located at 390 Bergen Street in Park Slope, Brooklyn. The property was sold by Gwen Libstag for a total of $4.1 million.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,100,000
• Address: 390 Bergen Street
• Market: Park Slope, Brooklyn
• Buyer: Joseph Merola Jr
• Seller: Gwen Libstag
• Building Square Footage: 4,000
• Price per Building Square Foot: $1,025
• Unit Square Footage: 3,600
• Price per Unit Square Foot: $1,139

This acquisition marks Joseph Merola Jr's investment in the Park Slope area of Brooklyn, adding to his portfolio of residential properties. Gwen Libstag's sale of the five-unit walkup building allows her to reallocate her resources to other ventures in the real estate market.