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- LoopNet Team
138-39 Centreville St
Ozone Park, NY 11417
Land For Sale
·
0.25 AC
INVESTMENT HIGHLIGHTS
- Corner lot in Ozone Park with flexible zoning potential
- Steps from the A train and minutes to JFK International Airport
- Ideal for three detached two-family homes in a low-density zone
- As-of-right and City of Yes zoning allow up to 8,155 BSF
- Near Resorts World Casino’s $5.5B expansion and Hyatt Regency
- Surrounded by national retailers, restaurants, and new housing
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 0.25 AC |
| Zoning | R3X - Low density residential district | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.25 AC |
| Zoning | R3X - Low density residential district |
DESCRIPTION
Located in the heart of Ozone Park, Queens, 138-39 Centreville Street presents a rare opportunity to acquire a shovel-ready residential development site in one of New York City’s most accessible and evolving neighborhoods. This 10,873-square-foot corner lot is zoned R3X and offers as-of-right development potential of 6,536 buildable square feet, with the possibility of expanding to 8,155 BSF under the City of Yes zoning initiative. The site’s generous 131' x 83' dimensions and detached zoning make it ideally suited for the construction of three two-family homes, each with ample frontage and private outdoor space. The R3X designation supports low-density, contextual development, aligning with the neighborhood’s character while offering long-term value in a supply-constrained market. Positioned just steps from the A subway line and minutes from JFK International Airport, the property benefits from exceptional transit access and proximity to major infrastructure. It is also located near the $5.5 billion expansion of Resorts World Casino, which is expected to generate over 10,000 jobs and significantly enhance the area’s economic vitality. Surrounded by national retailers, restaurants, and new residential developments, this site is well-positioned to capitalize on the continued growth of southern Queens. With strong residential demand, favorable zoning, and a strategic location near major transportation and entertainment hubs, 138-39 Centreville Street offers a compelling opportunity for developers and investors alike.
