NEW YORK — Five Pointz is not your typical art gallery. Located in Long Island City, Queens, across the East River from Manhattan, it’s the block of graffiti visible from the elevated No. 7 train. Exit the subway at Court Square for a closer look at the city block of curated “aerosol” art.

But don’t dally. The owner of the dilapidated 200,000-square-foot warehouse — who has allowed its exterior walls to double as a graffiti gallery since 1993 — is expected to raze the building in late 2013 to build housing and retail space. He will reserve a rear wall for graffiti.