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Astoria Fourplex with Expansion Potential

11-51 Welling Court, Astoria, NY 11102

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For Sale

$1,200,000

MULTI_FAMILY - Astoria, NY

Property size:

2,600 SF

Lot size:

0.03 Acres

Price / SF:

$461/SF

HighLights

Significant expansion potential: Expand to an 8‑family dwelling (R6A zoning).
Two dwelling fourplex delivered vacant, offering immediate occupancy or rental income potential.
Prime location: Just 2 minutes to the ferry and 15 minutes to the subway.
Currently configured as a six‑room duplex over a four‑bedroom duplex.
Private backyard.
Unique block featured in magazines for its artistic wall paintings.

We can help!

Listing Contact

Eyal Robichek

For Sale

$1,200,000

MULTI_FAMILY - Astoria, NY

Property size:

2,600 SF

Lot size:

0.03 Acres

Price / SF:

$461/SF

Added:: Mar 9, 2026
Days on Market:: 106
Last Refresh:: Jun 22 at 8:06 pm

Property Features for 11-51 Welling Court

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 6
Bathrooms: 3
Rooms: Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 3, Bedroom 1
Standard status: Active
APN: 00507-0009
Size: 2,600 SF
Lot size: 0.03 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 4585

Building Details

Year built: 1920
Number of units: 2

We can help!

Listing Contact

Eyal Robichek

Listing agent Eyal Robichek

Listing office Winzone Realty Inc 8115 Queens Blvd Ste 2A, ELMHURST, NY

Listing date Mar 9, 2026

MLS# 969015 Listing URL

HighLights

Significant expansion potential: Expand to an 8‑family dwelling (R6A zoning).
Two dwelling fourplex delivered vacant, offering immediate occupancy or rental income potential.
Prime location: Just 2 minutes to the ferry and 15 minutes to the subway.
Currently configured as a six‑room duplex over a four‑bedroom duplex.
Private backyard.
Unique block featured in magazines for its artistic wall paintings.

Overview

This four-story building in Astoria, New York, is configured as a six-room duplex over a four-bedroom duplex. The property, a fourplex, has approximately 2,600 square feet of space and includes a private backyard. The front and rear of the first floor have been extended, offering the potential to expand the building significantly, up to an eight-family dwelling, under R6A zoning. Interested parties should consult with an architect to confirm expansion possibilities. The property requires renovation and will be delivered vacant. A laundry and boiler room are located on the first floor. There is no basement. The location is noted as prime, being two minutes from the ferry and 15 minutes from the subway. The block is known for its artwork and has been featured in magazines for its artistic wall paintings. The lot size is approximately 0.0344 acres. The property is located in a neighborhood with waterfront views.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$120.1k	$46.20
− Vacancy	−$4.6k	−$1.76
EGI	$115.6k	$44.44
− OpEx	−$52.0k	−$20.00
NOI	$63.6k	$24.44

2,600 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$907.9K

$794.4K – $1.06M (±1% cap)

NOI $63,555 @ 7.0% cap · market cap 5.30%

Second Best

Multifamily LT 5

$614.8K

$537.9K – $717.2K (±1% cap)

NOI $43,034 @ 7.0% cap · market cap 3.59%

Theoretical Best

Office A

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,172 @ 7.0% cap · market cap 11.18%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Astoria
County: Queens
State: New York
Longitude: -73.93227
Latitude: 40.771583

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For sale
Duplexes
NY
Astoria
11102
11-51 Welling Court

What type of property is this?

Duplex - Fourplex in Astoria, NY, with potential for significant expansion.

Where is this duplex located?

The property is located at 11-51 Welling Court Astoria, NY.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Significant expansion potential: Expand to an 8‑family dwelling (R6A zoning).; Two dwelling fourplex delivered vacant, offering immediate occupancy or rental income potential.; Prime location: Just 2 minutes to the ferry and 15 minutes to the subway.

11-51 Welling Court, Astoria, NY 11102

MULTI_FAMILY - Astoria, NY

Property Features for 11-51 Welling Court

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Astoria Religious Community Development Portfolio

Renovated Astoria Multifamily Brick Home

Mixed-Use Building in South Astoria

Astoria Three-Family Home

Astoria Multi-Unit Income Property

Astoria Multifamily Building Auction

Mediterranean Restaurant with Outdoor Seating

Brick Duplex with Two Patio Areas

Legal 7-Unit Multifamily Building

Astoria Two-Family Home Opportunity

Astoria Community Facility Portfolio For Sale

Astoria Two-Family Home Opportunity

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