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138-39 Centreville St 0.24 Acres of Residential Land Offered at $1,695,000 in Ozone Park, NY 11417
Executive Summary
138-39 Centreville Street presents a prime residential development opportunity in the Ozone Park section of Queens. The property consists of a 10,873-square-foot lot with R3X zoning and an as-of-right FAR of 0.6, allowing for 6,536 buildable square feet. With the City of Yes rezoning initiative, the FAR can increase to 0.75, elevating the development potential to 8,155 buildable square feet.
This site is well-suited for constructing three detached two-family homes, supporting up to 2,720 square feet per dwelling. Its location benefits from strong neighborhood demand, excellent transit access via the nearby A train, and close proximity to JFK International Airport. The surrounding area is anchored by major economic drivers, including the $5.5 billion expansion of Resorts World Casino, expected to bring 10,000 new jobs to the community.
Situated near retail, dining, and entertainment amenities, this property offers significant upside for developers and investors seeking growth-oriented projects within one of Queens’ most active residential corridors.
This site is well-suited for constructing three detached two-family homes, supporting up to 2,720 square feet per dwelling. Its location benefits from strong neighborhood demand, excellent transit access via the nearby A train, and close proximity to JFK International Airport. The surrounding area is anchored by major economic drivers, including the $5.5 billion expansion of Resorts World Casino, expected to bring 10,000 new jobs to the community.
Situated near retail, dining, and entertainment amenities, this property offers significant upside for developers and investors seeking growth-oriented projects within one of Queens’ most active residential corridors.
Property Facts
| Price | $1,695,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.24 AC |
| Property Type | Land | ||
| Zoning | R3X - Low density residential district | ||
| Price | $1,695,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.24 AC |
| Zoning | R3X - Low density residential district |
1 Lot Available
Lot
| Price | $1,695,000 | Lot Size | 0.24 AC |
| Price Per AC | $7,116,735.45 |
| Price | $1,695,000 |
| Price Per AC | $7,116,735.45 |
| Lot Size | 0.24 AC |
10,873 SF vacant lot in Ozone Park zoned R3X. As-of-right FAR 0.6 (6,536 BSF), with City of Yes up to 0.75 FAR (8,155 BSF). Ideal for low-density residential development near A train and JFK Airport.
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Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 11535-0121 | Improvements Assessment | $0 |
| Land Assessment | $23,914 | Total Assessment | $22,200 |
Property Taxes
Parcel Number
11535-0121
Land Assessment
$23,914
Improvements Assessment
$0
Total Assessment
$22,200
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138-39 Centreville St