Goldman Sachs has expanded its multifamily holdings with the acquisition of Broadstone Seventh Street, a 258-unit apartment community in Phoenix. The institutional buyer purchased the property from Alliance Residential Co., which developed the asset and brought it online in 2025. The transaction was reported at a sale price of $81.4 million, according to Commercial Search.
Broadstone Seventh Street, formerly known as Broadstone on Seventh, is a five-story community situated on a 3-acre site at 5727 N. Seventh St. in Phoenix. Alliance Residential Co. served as the developer of the project, while ORB Architecture was responsible for the design. The property entered service in 2025, adding newly built inventory to the local multifamily stock.
The community offers a mix of one- and two-bedroom apartments. Of the 258 residences, 160 are one-bedroom units and 98 are two-bedroom units. According to data cited in the report, unit sizes range from 597 square feet to 1,263 square feet, positioning the property within a conventional urban multifamily footprint and providing a range of layouts for renters seeking different space needs.
Shared amenities at Broadstone Seventh Street include a fitness center, clubhouse, playground, swimming pool and spa. The property also features a subterranean parking area with 404 spaces, providing on-site parking capacity that exceeds the total number of units. Greystar currently oversees day-to-day operations at the community, managing the property following its sale to Goldman Sachs.
The asset is located near Interstate 17 and Arizona State Route 51, offering connectivity to the broader Phoenix area. It is also in proximity to the Phoenix Mountains Preserve, giving residents access to nearby outdoor recreation. Downtown Phoenix and Phoenix Sky Harbor International Airport are a little over eight miles to the south and southeast, respectively, positioning the community within commuting distance of major employment centers and regional transportation infrastructure.
The sale of Broadstone Seventh Street illustrates continued capital interest in recently delivered multifamily assets with full amenity packages and accessible locations within the Phoenix market. With a 2025 delivery and institutional ownership and management in place, the property is positioned as a modern rental option within a growing metropolitan area.
