11-46 WELLING Court
MLS® #RLS20076544
Listing by Corcoran Group
11
Bedrooms
7.5
Baths
4,425
Sq. Ft.
1990
Year Built
Quick Summary
Property Highlights
- Views: Other
- Outdoor Space: Patio, Terrace
- Climate Control: Other
Property Details
Description
11-46 Welling Court Astoria, Queens
Free Market Six-Family + 2 Parking Spaces + 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.
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.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Astoria
View All Astoria ListingsAstoria is one of New York City’s most beloved and diverse neighborhoods, famous for its incredible food scene and relaxed atmosphere. The real estate market offers excellent value, featuring a blend of traditional multi-family brick houses, pre-war cooperatives, and a growing number of sleek new construction condominiums. With its stunning waterfront park and quick commute to Manhattan, Astoria is a top choice for those seeking a balanced urban lifestyle.
Astoria Live Market Data
View NeighborhoodActive Listings
75
Median Asking Price
$725K
Median $/Sqft
$1,088
Avg Days on Market
N/A
New This Week
5
Price Reduced
17%
Sold (30 Days)
7
Median Sale Price
$740K
Live data from RLS at REBNY • Updated 3/11/26, 11:01 PM EST
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Location
11-46 WELLING Court, Astoria, Queens County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Corcoran Group - Ivan Mijalkovic
Listing Contact: (347) 653-8010
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RLS Data display by Keller Williams NYC. Data last updated on 3/12/2026 at 3:01 AM UTC