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38-80 11th Street

Lawrence Rosenblatt Acquires Industrial Property From Matthew Gross In Queens For $22.23M
SOLDIndustrial

Lawrence Rosenblatt Acquires Industrial Property From Matthew Gross In Queens For $22.23M

38-80 11th Street

$22,229,214

$1,788/SF

Building Size

12,426 SF

Asset Type

Industrial

Closing

Feb 26, 2026

AI

Lawrence Rosenblatt acquired a 12,426 sq ft industrial property at 38-80 11th Street in Queens for $22.23 million on February 26, 2026. The sale price is approximately $1,789 per square foot, selling from Matthew Gross.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $22,229,214
  • Buyer: Lawrence Rosenblatt
  • Seller: Matthew Gross
  • Sale Date: 02/26/2026
  • Address: 38-80 11th Street
  • Market: Queens
  • Square Footage: 12,426
  • Price Per Square Foot: $1,789

Lawrence Rosenblatt successfully completed the acquisition represented in this transaction by engaging with Matthew Gross as the seller. The transaction reflects the active marketplace for industrial properties within Queens.

Players

Lawrence Rosenblatt

Buyer

$32.6M

vol

2 deals

Buyer

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93