11-46 WELLING Court Active Save Request In-Person Tour Request Virtual Tour
Queens,NY 11102
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,425 sqft
Price per Sqft $474
Subdivision Astoria
MLS Listing ID RLS20029456
Bedrooms 11
Year Built 1990
Annual Tax Amount $31,296
Property Sub-Type Multi Family
Property Description
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.
Location
State NY
County Queens
Interior
Cooling Other
Laundry In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
Parking Features Assigned,Garage
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
View Other
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Monthly Total Fees $2,608
Special Listing Condition Standard
Pets Allowed Building Yes,No