11-46 WELLING Court, New York City, NY 11102
Listing Courtesy of Corcoran Group
$2,098,000
Potential Rebate: $31,470
Overview
11-46 Welling Court Astoria, Queens<br> Free Market Six-Family + 2 Parking Spaces + Backyard + Value-Add Upside<br> <br> Investment Overview:<br> 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.<br> <br> Investment Highlights:<br> -All Free Market Units - No rent stabilization or control. <br> -Delivered Vacant Unit - Includes one parking space. Perfect for live-plus-income buyers or immediate leasing.<br> -Private Backyard - Expansive rear yard accessible to select units; potential for shared outdoor space or exclusive-use rental premium.<br> -Strong in-place income with projected upside potential through upgrades and full lease-up.<br> -Two On-Site Parking Spaces - One leased, one delivered vacant.<br> -Multiple Value-Add Plays -<br> -Install income-generating storage cages<br> -Add laundry room or shared amenities<br> -Upgrade roof deck for tenant enjoyment<br> -Renovate interiors for stronger rental premiums<br> -Efficient Layout - Two apartments per floor (front and rear). Several units with outdoor access.<br> -Zoning - R4-1 Built FAR: 1.65 Lot: 2,685 SF (buyer to confirm development rights).<br> -Low Operating Expenses - Mostly separately metered utilities, low-maintenance layout.<br> <br> Location:<br> Ideally located in Old Astoria, just blocks from Socrates Sculpture Park, the NYC Ferry, local shops, parks, and an increasingly vibrant restaurant scene.
Home Features
- •In Unit
- •Assigned
- •Garage
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Building Amenities
- •Assigned
- •Garage
Estimated Monthly Payment
$12,975 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$31,470
Monthly savings impact
$87/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listing Courtesy of GLOBAL REAL ESTATE VENTURES GROUP LLC
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Listings
RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20029456
Price Analysis
Compare average listing prices and value metrics for 11-46 WELLING Court against the surrounding Astoria market.
Average List Price
Price Per SqFt
52.91% Lower
than the Astoria price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Astoria
Overview of Astoria
Astoria is the cool cousin of Queens. Famous for its Greek heritage, it has evolved into a diverse, vibrant community known for its food, comedy, and film history. For buyers seeking Astoria Queens real estate, it offers a perfect blend of urban energy and neighborhood warmth.
Living in Astoria is delicious. The smell of souvlaki and grilled octopus fills the air. As a Queens NYC neighborhood, it is a culinary capital.
Real Estate & Housing Market
The market for homes for sale in Astoria includes pre-war co-ops, semi-detached brick houses, and new boutique condos.
It is more affordable than LIC but prices have risen steadily.
Lifestyle & Community
The lifestyle in Astoria is social. Beer gardens like the Bohemian Hall are legendary.
The community is incredibly diverse, with a strong Greek backbone mixed with young professionals and artists.
Transportation & Accessibility
Astoria is served by the N and W trains. Commuting to Midtown takes about 15-20 minutes.
The NYC Ferry also stops here.
Parks, Schools & Amenities
Astoria Park is the crown jewel, with its massive pool and views of the Hell Gate Bridge.
Amenities: The Museum of the Moving Image and Kaufman Astoria Studios give it a Hollywood connection.
Who This Neighborhood Is Best For
Astoria is best for foodies, young professionals, and anyone who wants a real neighborhood feel near Manhattan.
