Versatile Industrial Assemblage in
49-39 Van Dam St Queens, NY 11101
For Sale
$10,000,000
Two industrial buildings with drive-in access, loading, and on-site parking.
Property Size18,154 SF
Price / SF$550.84
Days on Market112
Property Features for 49-39 Van Dam St
General Information
- Standard status
- Active
- Size
- 18,154 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1955
Listing Agency:
New York City Office
(212) 430-5123
Listed By:
Luca DeLancellotti · License #License(s): NY: 10401396620
(212) 430-5123
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 23 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New York City Office
Investment Insights
Based on property information with market context.
Located in Long Island City, the assemblage at 49-39 and 49-65 Van Dam Street offers two industrial buildings and an adjacent lot. The property is positioned near transportation corridors, with access to the Queens Midtown Expressway and visibility from Van Dam Street and Borden Avenue, providing connectivity to Manhattan, Brooklyn, and the Queens industrial market. The assemblage consists of a 14,000 square foot warehouse/office building at 49-39 Van Dam Street and a 4,500 square foot warehouse with an additional 4,500 square foot 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. The building at 49-39 Van Dam Street features approximately 11,000 square feet of ground-floor warehouse and storage space with 16-foot ceilings and 13-foot clear height, along with a 3,000 square foot second-floor office component. The warehouse is serviced by a 12-foot drive-in door with direct access from the lot. The building at 49-65 Van Dam Street includes a 4,500 square foot warehouse with an additional 4,500 square foot basement, 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 undergone renovations including updated HVAC systems and condensers. With visibility, flexible industrial space, and transportation access, this offering represents an industrial asset.
Key Highlights
- Unparalleled connectivity to Manhattan, Brooklyn, and Queens.
- Versatile industrial footprint suitable for logistics, food production, cold storage, and last‑mile distribution.
- Drive‑in access, loading, and on‑site parking provided.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.20M | $66.00 |
| − Vacancy | −$77.9k | −$4.29 |
| EGI | $1.12M | $61.71 |
| − OpEx | −$280.1k | −$15.43 |
| NOI | $840.2k | $46.28 |
18,154 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$12.00M
$10.50M – $14.00M
NOI $840,213 @ 7.0% cap · market cap 8.40%
Second Best
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,678 @ 7.0% cap · market cap 1.39%
Theoretical Best
Office A
$13.38M
$11.71M – $15.61M
NOI $936,834 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JPB ENTERPRISES, INC.
Property Management Company
Similar Off Market Nearby
- Greenpoint Storage Plus — 425 Greenpoint Ave, Brooklyn, NY 11222
- Loungecraft Moving & Storage — 5310 46th St, Maspeth, NY 11378
- CBS Storage — 217 Russell St, Brooklyn, NY 11222
- Flex Moving and Storage — 276 Greenpoint Ave 2nd Floor, Suite 218, Brooklyn, NY 11222
- NY Minute Movers Inc. — 460 Kingsland Ave, Brooklyn, NY 11222
FAQs
What type of property is this?
Warehouse - Two industrial buildings with drive-in access, loading, and on-site parking.
Where is this warehouse located?
The property is located at 49-39 Van Dam St Queens, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Unparalleled connectivity to Manhattan, Brooklyn, and Queens.; Versatile industrial footprint suitable for logistics, food production, cold storage, and last‑mile distribution.; Drive‑in access, loading, and on‑site parking provided.
