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… Read More 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. Read Less
Listing Courtesy of: Ivan Mijalkovic, Corcoran Group
Listing Snapshot
Days Online
109
Last Updated
Property Type
MultiFamily
Beds
11
Full Baths
6
Partial Baths
1
Square Ft.
4,425
Lot Size
0.06 Acres
Year Built
1990
MLS Number
RLS20029456
30 Days Snapshot Of 11102
$880k
+69%
(avg) sold price
2
+100%
homes sold
44
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Property
View: Other, Property Sub Type: MultiFamily
Building
Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 29, Structure Type: Townhouse
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