Updated Mar 5, 2026
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
About this deal
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.
On the Map
$22,229,214
$1,788/SF
Industrial
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Players
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