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Lawrence Rosenblatt Acquires Industrial Property From Matthew Gross In Queens For $22.23M
SOLD
$22,229,214
New York
See Similar DealsIndustrial12,426 SF
Sold
SOLD
Lawrence Rosenblatt Acquires Industrial Property From Matthew Gross In Queens For $22.23M
38-80 11th Street
See Similar DealsIndustrial12,426 SF
Sold
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1788
Total Square Footage:12426 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,185,558.06
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,975.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,377.82
Annual Debt Service$1,264,533.78
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