LIC property across from former 5Pointz site hits the market for $34M

A development site across the street from the former 5Pointz site in Long Island City is up for sale for $34M.
Photo via PropertyShark by Scott Binter

A development site across the street from what was once home to the graffiti mecca known as 5Pointz in Long Island City is up for sale.

The property, located at 45-57 Davis St., is going for $34 million and is located within M1-5, R7-3, and Long Island City zoning districts, according to Cushman & Wakefield who are in charge of selling the site.

The location holds approximately 108,000 square feet of buildable space on a 216 foot by 100 foot lot.

A two-story building currently stands at the site, containing approximately 19,912 square feet on the three tax lots. The site is conveniently located near several subway lines and the Long Island Rail Road.

“This site is situated directly across the street from 5Pointz and many of the major new developments in the neighborhood,” said Stephen R. Preuss of Cushman & Wakefield, who is exclusively marketing this property with David Chkheidze.

“This pocket of Long Island City gives a developer the opportunity to be situated near many of the developments that will drastically change the landscape of the area,” Chkheidze added.

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