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    Versatile Industrial Assemblage in Queens Title is generated by Realmo AI

    49-39 Van Dam St, Queens, NY 11101

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    For Sale
    $10,000,000

    Two industrial buildings with drive-in access, loading, and on-site parking.

    Type:Warehouse
    Property size:
    18,154 SF
    Price / SF:
    $550/SF
    Added:
    Apr 3, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 3 at 5:09 am

    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

    We can help!

    Listing Contact
    Luca DeLancellotti

    Listing agent Luca DeLancellotti License #NY: 10401396620

    Listing office New York City Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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

    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.
    • 49‑65 Van Dam Street includes a fully vented commercial kitchen, extensive storage, and three on‑site walk‑in refrigeration/freezer units.
    • Recently renovated with updated HVAC systems and condensers.
    • 11,000 SF of ground‑floor warehouse space with 16‑foot ceilings and 13‑foot clear height at 49‑39 Van Dam Street.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $840,213 @ 7.0% cap · market cap 8.40%
    Second Best
    Warehouse
    $1.98M
    $1.73M – $2.31M (±1% cap)
    NOI $138,678 @ 7.0% cap · market cap 1.39%
    Theoretical Best
    Office A
    $13.38M
    $11.71M – $15.61M (±1% cap)
    NOI $936,834 @ 7.0% cap · market cap 9.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    JPB ENTERPRISES, INC. Property Management Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.934198
    Latitude
    40.739731

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    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.
    (212) 430-5123
    We can help!
    Listing Contact
    Luca DeLancellotti
    Real Estate License ID: NY: 10401396620
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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