Matthew Gross Urban Builders Collaborative Buys Long Island City Properties From Alan Hochster

The industrial and multifamily properties located at 10-11 40th Avenue, 38-78 11th Street, and 38-67 10th Street in Long Island City, Queens, were recently sold for a total of $14,000,000. The combined square footage of the properties is 24,651, with a price per square foot of $568. The sale was completed on 04/18/2024, with the buyer being Matthew Gross from Urban Builders Collaborative and the seller being Alan Hochster from Roxter Lighting.

Summary of transation details:

• Property Type: Industrial & Multifamily
• Transaction Amount: $14,000,000
• Building Square Footage: 112,440
• Price per Building Square Foot: $125
• Market: Long Island City, Queens
• Buyer: Matthew Gross - Urban Builders Collaborative
• Seller: Alan Hochster - Roxter Lighting

Urban Builders Collaborative, an affiliate of Lettire Construction, was the purchaser of the industrial and residential properties in Long Island City. The seller, Roxter Lighting, finalized the deal with a sale price of $14,000,000. Matthew Gross from Urban Builders Collaborative and Alan Hochster from Roxter Lighting were the key individuals involved in this transaction, representing their respective companies in the property acquisition.