Warehouse and industrial space for sale in Long Island City
Long Island City is one stop from Midtown and has grown into a mixed office, life science, and industrial market. Its loft and warehouse buildings, from Queens Plaza and Dutch Kills to the Newtown Creek blocks along Review Avenue, offer large floors at a real discount to Manhattan.
- Industrial stock
- 15.7M SF
- Industrial properties
- 796
- Largest industrial
- 28-90 Review Avenue
- Transit
- 7 at Court Sq
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
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NYC Department of Finance filings
Income and expenses per square foot: industrial buildings in Queens
In 2024, 1,414 Queens industrial properties filed income statements with the city. Their median gross income was $21.00 per square foot, and the middle half collected between $14.25 and $27.79. Their median operating expense was $3.67 per square foot. The typical property's income was up 2% on 2023. The city publishes these figures by borough, not by neighborhood, so they cover Queens as a whole.
Gross income per square foot, 2024
Queens industrial buildings
- Median gross income
- $21.00/SF
- Middle half
- $14.25 to $27.79
- Median operating expense
- $3.67/SF
- Typical change on 2023
- +2%
- Citywide median
- $19.39/SF
- Filings
- 1,414
Source: NYC Department of Finance, FY 2027 RPIE 2024 Income and Expense Distributions (FY 2027 assessment roll, published January 2026), page 6. Owners of income-producing properties file a Real Property Income and Expense statement each year; gross income is everything a property collected in 2024 per square foot, as filed, with outlier and partial-year filers left out. It includes vacant space, concessions and older leases, so it is not an asking rent.
NYC tax lot records
Industrial and storage buildings in Long Island City
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Industrial and storage space
- 15.7M SF
- Properties with industrial and storage space
- 796
- All commercial space
- 44.9M SF
- Built before 1940
- 53%
Largest industrial and storage buildings
All 153 large commercial buildings in Long Island CityAge, height and zoning
- Median year built: 1931.
- Median height: 2 floors.
- Most common zoning districts: M1-1 (212), M1-4 (181), M1-3 (169). 87% of these lots are zoned for manufacturing.
- 8 lots are designated city landmarks.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.7 mi of Long Island City's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.
MTA station data
Subway stations in Long Island City
Every station within about 0.7 mi of Long Island City's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 12
- Subway lines
- 8
- Fully accessible
- 4 of 12
- Closest
- 21 St, 2 min walk
The 12 stations
- 21 St
- Queensboro Plaza
- Vernon Blvd-Jackson Av
- Queens Plaza
- Hunters Point Av
- Court Sq
- 36 St
- 21 St-Queensbridge
- 39 Av-Dutch Kills
- Steinway St
- 36 Av
- 33 St-Rawson St
Lines
The 7, E, F, G, M, N, R and W trains stop within about 0.7 mi of Long Island City's core.
Step-free access
- Queensboro Plaza (7 N W) is fully accessible.
- Queens Plaza (E F R) is fully accessible.
- Court Sq (7 G) is fully accessible.
- 21 St-Queensbridge (M) is fully accessible.
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Long Island City's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.
NYC property records (ACRIS)
Recent industrial and storage building sales in Long Island City
25 sales of the large industrial and storage buildings Leasemark tracks in Long Island City have been recorded since 2016, $1.16 billion in all. The newest 6 are below.
Newest sales
Since 2016
- Largest: 34-35 Review Avenue, $369.3 million for 3 tax lots in September 2020.
- Median price: about $282 a square foot of floor area, across 20 one-building sales.
- Newest deed on record: March 2026. The city's open data runs about a month behind.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
Local Law 97 explained: limits, fines and the 2030 deadline
How NYC's Local Law 97 works: which buildings are covered, the limits through 2049, the $268 a ton penalty and what owners, tenants and buyers should check.
NYC commercial property tax: Class 4 rate, phase-in and appeals
How NYC taxes commercial buildings: Class 4 market value, the 45% assessment, the five-year phase-in, exemptions and PILOTs, bills, and appeals due March 1.
NYC transfer taxes on commercial property: what sellers and buyers pay
Selling a commercial property in New York City triggers two transfer taxes, one to the city and one to the state. Here is how the rates work, with examples.
- Free calculator
NYC transfer tax calculator
The city and state transfer taxes on a commercial sale, what the seller keeps and the buyer's mortgage recording tax.
- Free calculator
Mortgage recording tax calculator
The city and state tax on a commercial loan in New York City, part by part, and what a CEMA saves.
Questions about warehouse and industrial space in Long Island City
Is there warehouse and industrial space for sale in Long Island City right now?
No warehouse and industrial space for sale in Long Island City is listed on Leasemark right now. Post what you want to buy and Leasemark matches you the day a space that fits is listed; your contact details stay private until you accept an intro. Owners and brokers can list a space here for free.
How much does warehouse and industrial space cost in Long Island City?
Leasemark has no asking prices posted here yet, so here are the city's own numbers. Owners of industrial buildings in Queens reported a median $21.00 of gross income and $3.67 of operating expense per square foot for 2024 (middle half of income: $14.25 to $27.79), according to the income and expense statements owners file with the NYC Department of Finance (FY 2027 distributions, 1,414 filings). The city publishes these figures by borough, so this is Queens as a whole, not Long Island City alone. That is what buildings actually collected, with vacant space, concessions and leases signed years ago in the mix, so it is a baseline rather than a quote: a specific space's price depends on the building's class, floor, condition and the length of the lease.
How do I find warehouse and industrial space in Long Island City that is not publicly listed?
Post a requirement on Leasemark. Owners and listing brokers see what you need (without your contact details) and can respond with spaces, including ones that are not on the market yet. You choose who gets an intro.
How much industrial and storage space is there in Long Island City?
New York City's PLUTO tax lot data (26v2) records about 15.7 million square feet of industrial and storage floor area across 796 properties in the part of Long Island City Leasemark covers. The largest by that measure is 28-90 Review Avenue, at about 655,000 square feet. That is the existing building stock, not space currently for sale.
What subway lines serve Long Island City?
Twelve subway stations sit within about 0.7 mi of Long Island City's commercial core, served by the 7, E, F, G, M, N, R and W trains. The closest is 21 St (G), roughly 2 minutes on foot; then Queensboro Plaza (7 N W), Vernon Blvd-Jackson Av (7), Queens Plaza (E F R), Hunters Point Av (7), Court Sq (7 G E F), 36 St (M R) and 5 more. Walking times are straight-line estimates from MTA station data.
Is it free to post on Leasemark?
Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.