Stuart Venner Acquires Multifamily Property In Prospect Heights, Brooklyn For $8.6M

528-530 Bergen Street, located in Prospect Heights, Brooklyn, has been sold in a closed transaction. The multifamily property spans 15,000 square feet and was sold for a total price of $8,600,000, resulting in a price per square foot of $573.33. The property was purchased by Stuart Venner from the seller, John Merola, who represented 528 Bergen Street LL. The deal was facilitated by the brokerage team of Matt Fotis, Matt Shapiro, and Dylan Renicker from Marcus & Millichap.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $8,600,000
• Gross Square Feet: 15,000
• Price Per Square Foot: $573.33
• Buyer: Stuart Venner
• Seller: John Merola, 528 Bergen Street LL
• Broker: Matt Fotis & Matt Shapiro & Dylan Renicker Marcus & Millichap

This successful transaction showcases the demand for multifamily properties in the Prospect Heights neighborhood of Brooklyn. The property's ideal location, combined with its attractive price per square foot, contributed to its appeal. Stuart Venner took advantage of this opportunity and acquired the property, while John Merola, representing 528 Bergen Street LL, acted as the seller. The deal was made possible through the expertise and negotiation skills of the brokerage team from Marcus & Millichap, including Matt Fotis, Matt Shapiro, and Dylan Renicker.