2-Unit
11-28 Welling Court, Astoria, NY 11102
For Sale
$1,450,000
A non-paying tenant remains in place; access is limited to a drive-by inspection.
Property Size2,212 SF
Price / SF$655.52
Days on Market9
Property Features for 11-28 Welling Court
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Full,Walk-Out Access
Hardwood
No
Yes
Chandelier,Eat-in Kitchen,Formal Dining,Kitchen Island,Quartz/Quartzite Counters
Finished, Full, Walk-Out Access
Public
On Street
Building Details
Year Built
Listing Agency:
Elite Synergy Realty Inc
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 8:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Synergy Realty Inc
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Investment Insights
Based on property information with market context.
This two-family duplex in Astoria contains 2,212 square feet, with 6 bedrooms, 3 full bathrooms and 2 half bathrooms. Interior features include an eat-in kitchen with an island and quartz or quartzite counters, formal dining space, hardwood flooring, and finished areas with walk-out access. The property was built in 1925.
Vernon Boulevard is nearby, and public transportation is within walking distance. Local shops and dining are also in the surrounding area. The property is being sold with a non-paying tenant in place, and interior access is not available; inspection is limited to a drive-by.
Vernon Boulevard is nearby, and public transportation is within walking distance. Local shops and dining are also in the surrounding area. The property is being sold with a non-paying tenant in place, and interior access is not available; inspection is limited to a drive-by.
Key Highlights
- Two‑family duplex with 2,212 square feet
- 6 bedrooms, 3 full bathrooms and 2 half bathrooms
- Kitchen features an island and quartz or quartzite counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,071
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,420
$1.1M
Cap Rate 7%
$772,443
$772.4K
Cap Rate 9%
$600,789
$600.8K
Market Conditions
NOI Build-Up for 2,212 SF
Gross rent
$102.2K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$98.3K $44.44/SF
− OpEx
−$44.2K −$20.00/SF
NOI
$54.1K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,420
Cap Rate 7%
$772,443
Cap Rate 9%
$600,789
Alternative Uses
Best Use
Apartment 5plus
$772.4K
$675.9K – $901.2K
NOI $54,071 @ 7.0% cap · market cap 3.73%
Second Best
Multifamily LT 5
$523.0K
$457.7K – $610.2K
NOI $36,612 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,150 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,397
Businesses Nearby
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Business Placement
Demographics for 11102, NY
37,468
Population
19,431
Households
1.9
Avg Household Size
36
Median Age
58%
College-Educated
90%
High-School Grad
0.7 sq mi
ZIP Area
53,526
Density / Sq Mi
$102,996
Median Household Income
$70,557
Median Earnings
$2,248
Median Rent
$779,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Astoria
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A non-paying tenant remains in place; access is limited to a drive-by inspection.
Where is this duplex located?
The property is located at 11-28 Welling Court Astoria, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Two‑family duplex with 2,212 square feet; 6 bedrooms, 3 full bathrooms and 2 half bathrooms; Kitchen features an island and quartz or quartzite counters
