Investment Overview

Located in the heart of Long Island City, the assemblage at 49-39 and 49-65 Van Dam Street presents a rare opportunity to acquire two industrial buildings and an adjacent lot positioned directly at the nexus of Western Queens’ most important transportation corridors. With immediate access to the Queens Midtown Expressway and strong visibility from both Van Dam Street and Borden Avenue, the property offers unparalleled connectivity to Manhattan, Brooklyn, and the broader Queens industrial market. The assemblage consists of a ~14,000 SF warehouse/office building at 49-39 Van Dam Street and a ~4,500 SF warehouse with an additional 4,500 SF basement at 49-65 Van Dam Street, connected by a lot providing drive-in access, loading, and on-site parking. Together, the properties offer a versatile industrial footprint suitable for logistics, food production, cold storage, and last-mile distribution. 49-39 Van Dam Street features approximately 11,000 SF of ground-floor warehouse and storage space with 16-foot ceilings and 13-foot clear height, along with a ~3,000 SF second-floor office component. The warehouse is serviced by a 12-foot drive-in door with direct access from the lot. 49-65 Van Dam Street includes a 4,500 SF warehouse with an additional 4,500 SF basement, currently configured with a fully vented commercial kitchen, extensive storage, and three on-site walk-in refrigeration/freezer units. The building also benefits from drive-up loading dock access. The assemblage has recently undergone significant renovations including updated HVAC systems and condensers, positioning the property for immediate occupancy by a wide range of industrial or food-production users. With strong visibility, flexible industrial space, and exceptional transportation access, this offering represents a highly functional industrial asset in one of New York City’s most supply-constrained submarkets.