Carlyle Group pays $8.2M for 8-unit rental in Bedford-Stuyvesant

The Carlyle Group through the entity 1 MacDonough Street THR Owner, L.L.C. paid Z+G Property Group’s 1 MacDonough Street Partners LLC $8.2 million for 1 MacDonough Street in Bedford-Stuyvesant. The deal closed on January 15, 2021 and was recorded on February 8, 2021. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 8 residential units. The property is 10,260 square feet. The parcel(s) have total development potential of 10,260 square feet.
The average sale price per square foot is $804.

The signatory for the buyer was Jason Hart of Carlyle Group.  The contract date was August 26, 2020. The last time the property sold was December 4, 2015 for $3,500,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $250,000.0. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $1,134,400.

Direct link to Acris document. link