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11-46 Welling Court
Astoria, New York
$2,150,000 Price
11 Bedrooms   6.5 Baths
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11-46 Welling Court, Astoria, New York

11-46 Welling Court Astoria, Queens Free Market Six-Family + 2 Parking Spaces One Unit Delivered Vacant Backyard + Value-Add Upside Investment Overview: 11-46 Welling Court presents a rare opportunity to acquire a fully free-market six-family building in the heart of Old Astoria....

11-46 Welling Court Astoria, Queens Free Market Six-Family + 2 Parking Spaces One Unit Delivered Vacant Backyard + Value-Add Upside Investment Overview: 11-46 Welling Court presents a rare opportunity to acquire a fully free-market six-family building in the heart of Old Astoria. Built in 1990 and spanning approximately 4,425 SF across three stories, the property features six residential units, two on-site parking spaces, and a large, private backyard-with one 2-bedroom unit (and one parking space) delivered vacant at closing. Investment Highlights: -All Free Market Units - No rent stabilization or control. -Delivered Vacant Unit - Includes one parking space. Perfect for live-plus-income buyers or immediate leasing. -Private Backyard - Expansive rear yard accessible to select units; potential for shared outdoor space or exclusive-use rental premium. -Strong in-place income with projected upside potential through upgrades and full lease-up. -Two On-Site Parking Spaces - One leased, one delivered vacant. -Multiple Value-Add Plays - -Install income-generating storage cages -Add laundry room or shared amenities -Upgrade roof deck for tenant enjoyment -Renovate interiors for stronger rental premiums -Efficient Layout - Two apartments per floor (front and rear). Several units with outdoor access. -Zoning - R4-1 Built FAR: 1.65 Lot: 2,685 SF (buyer to confirm development rights). -Low Operating Expenses - Mostly separately metered utilities, low-maintenance layout. Location: Ideally located in Old Astoria, just blocks from Socrates Sculpture Park, the NYC Ferry, local shops, parks, and an increasingly vibrant restaurant scene.

Courtesy of Corcoran Group

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Astoria, New York
Type:
Price: $2,150,000
Date Listed: 6/6/2025
Web ID: 1115026212

Info & Amenities

Rooms: 29.0
Bedrooms: 11
Full Bathrooms: 6
Half Bathrooms: 1
Built: 1990
Pets allowed: Yes

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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