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Investment Highlights

  • Direct Access to I-495 (Long Island Expressway)- Property sits directly along Interstate 495 with immediate on/off access to Queens Midtown Tunnel.
  • On-Site Parking & Loading Lot – Assemblage includes a connecting lot providing parking, loading, and operational flexibility rarely found in LIC.
  • Fully Vented Commercial Kitchen – Turnkey kitchen infrastructure with expansive storage ideal for catering, commissary kitchens, or food production.
  • Drive-In & Dock Loading – Property features drive-in access, drive-up loading dock capability, and lot access allowing efficient truck circulation.
  • Rare Cold Storage Infrastructure – Includes three on-site walk-in refrigeration/freezer units supporting food distribution, production, and storage.

Executive Summary

Located in the heart of Long Island City, the offering at 49-39 and 49-65 Van Dam Street presents a rare opportunity to acquire two industrial buildings with an adjacent lot positioned directly along one of Western Queens’ most important transportation corridors. Situated directly along Interstate 495 (the Long Island Expressway) at the entrance to the Queens Midtown Tunnel, the property provides immediate connectivity to Manhattan, Brooklyn, The Bronx, and Long Island.
The offering consists of two industrial buildings connected by a central lot that allows for drive-in access, loading, and on-site parking. The larger building at 49-39 Van Dam Street totals approximately 14,000 square feet, including 11,000 SF of ground-floor warehouse and storage space and 3,000 SF of second-floor office space. The building features 16-foot ceilings and 13-foot clear height and is serviced by a 12-foot drive-in door accessible from the lot. The second building at 49-65 Van Dam Street is a 4,500 SF single-story warehouse with an additional 4,500 SF usable basement, currently configured with a fully vented commercial kitchen, extensive storage, and three walk-in refrigeration/freezer units. The building also benefits from drive-up loading dock capability.
Connecting the two buildings is an approximately 5,000 SF lot, providing operational flexibility for truck circulation, loading, and parking — a rare feature in the highly constrained Long Island City industrial market. Both properties have recently undergone significant upgrades including updated HVAC systems and condensers, positioning the offering for immediate occupancy by a wide range of users including logistics, food production, cold storage, and last-mile distribution operators. With unmatched access to I-495, the Queens Midtown Tunnel, and key Western Queens industrial corridors, this offering represents a highly functional industrial asset in one of New York City’s most strategically located logistics markets.

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Property Facts

Price $10,000,000
Price / SF $408.16 / SF
Sale Conditions
Bulk/Portfolio Sale
  • High Vacancy Property
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 24,500 SF
Total Land Area 0.61 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
4939 Van Dam St, Long Island City, NY 11101 Industrial 14,000 SF 1930 -
4965 Van Dam St, Long Island City, NY 11101 Industrial 10,500 SF 1952 -
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  • Listing ID: 39808661

  • Date on Market: 3/17/2026

  • Last Updated:

  • Address: 49-39 & 65 Van Dam St, Long Island City, NY

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