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5727 North 7th Street

Goldman Sachs Acquires 258-Unit Broadstone Seventh Street Multifamily In Phoenix For $81.4M
SOLDMultiFamily

Goldman Sachs Acquires 258-Unit Broadstone Seventh Street Multifamily In Phoenix For $81.4M

5727 North 7th Street

$81,400,000

Building Size

Asset Type

MultiFamily

Closing

Jun 24, 2026

AI

The property asset involved in this transaction is a newly built multi-family apartment community located at 5727 North 7th Street in Phoenix, AZ. Goldman Sachs acquired this asset, known as Broadstone Seventh Street, for a total price of $81,400,000. The community consists of 258 units, yielding a price per unit of $315,406. The five-story property was developed by Alliance Residential and opened in 2025, and it is currently managed by Greystar.

Summary of transaction details:

The deal was facilitated with an all-cash transaction, emphasizing the financial strength of Goldman Sachs in the acquisition of residential real estate. V. Jay Hiemenz, representing Alliance Residential Company, was involved in the sale of the asset, marking a significant transaction in the Phoenix apartment market.

Players

Goldman Sachs
Goldman SachsBuyer

V. Jay Hiemenz

Alliance Residential Company

Seller

$222.9M

vol

6 deals

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.19%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93