Updated Sep 28, 2026
Firebird Grove Refinances 17-Unit MultiFamily At 377 Broome Street With $6.5 Million Loan
377 Broome Street
$6,500,000
$674/SF
Building Size
9,635 SF
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The asset involved in this transaction is a 17-unit residential walkup located at 377 Broome Street in the Little Italy neighborhood of Manhattan. The property has a total square footage of 9,635 and is classified as a Multifamily asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 377 Broome Street
- Market: Little Italy, Manhattan
- Asset Size: 9,635 SF
- Lender: Goldman Sachs
- Landlord: Firebird Grove
- Loan Type: Refinance
- Original Debt: $4,800,000 with Santander
This transaction involved Firebird Grove refinancing its existing mortgage on the property through a loan provided by Goldman Sachs. The refinancing replaced the previous debt held by Santander.
On the Map
$6,500,000
$674/SF
MultiFamily
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Birome MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93