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Three-Story Flex Building with Billboard
For Lease
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51-03 Van Dam Street, Long Island City, NY 11101

Three-story building on a full city block with three-street frontage and a billboard option for net lease or ownership.

Space Size29,000 SF
Days on Market98

Property Features for 51-03 Van Dam Street

General Information

Standard status Active
Size 29,000 SF
Property subtype Industrial, Office, Retail, Special Purpose

Additional Details

Highway Access Yes

Building Details

Building Size 29,000 SF
Stories 3
Tenancy Single

Spaces For Lease

at 51-03 Van Dam Street Contact us

Entire Building

Size
29,000 SF
Availability
Active
Contact us
Listing Agency: Greiner-Maltz Company of New York, Inc.
Listed By: Kyle Maltz · License #NY
Source: Crexi
Added: Jun 1 Changed: Sep 4 Last Checked: Sep 5 at 4:19PM

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 Greiner-Maltz Company of New York, Inc.

Investment Insights

Based on property information with market context.

This is an entire three-story flex-style commercial building offering flexibility for occupancy and configuration. The property includes an available billboard component that may be leased on a long-term basis or owned, and the building can be built-to-suit to accommodate tenant requirements.

Located at 51-03 Van Dam Street in Long Island City, the site is positioned prominently near the expressway, with access right off the I-495 on-ramp and the Midtown Tunnel approach. The property provides three-street frontage, occupying a full city block, and is described as having high traffic counts.

For a prospective tenant, buyer, or operator, the asset supports users seeking a larger-format facility in a highly visible location with frontage across three streets. The combination of an entire building offering and the ability to pursue build-to-suit arrangements can be useful for businesses planning a tailored space, while the billboard option adds an additional avenue for revenue structure through long-term net leasing or ownership.

Key Highlights

  • 3‑story building on a full city block with three‑street frontage
  • Located in L.I.C. with access right off the I‑495 on‑ramp/Midtown Tunnel area
  • Billboard available with the building for long‑term net lease or ownership

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Garden Center Law Firm Pharmacy Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,079
Businesses Nearby
Balanced
Demand for This Use

Demographics for 11101, NY

48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value

Market

Lease Benchmarks for Long Island City, NY

$26.17 /SF/Yr
Avg Asking Price
$20–$32.31 /SF/Yr
Price Range
12,215 SF
Avg Space Size

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Three-story building on a full city block with three-street frontage and a billboard option for net lease or ownership.
Where is this flex space located?
The property is located at 51-03 Van Dam Street Long Island City, NY.
What are key features of this property?
This property features: 3‑story building on a full city block with three‑street frontage; Located in L.I.C. with access right off the I‑495 on‑ramp/Midtown Tunnel area; Billboard available with the building for long‑term net lease or ownership
More about this property
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