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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.

Property Facts

Price $2,335,947 CAD
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 $2,335,947 CAD
Price Per AC $9,807,857.61 CAD
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.

Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
11535-0121
Land Assessment
$32,957 CAD
Improvements Assessment
$0 CAD
Total Assessment
$30,595 CAD
  • Listing ID: 40661438

  • Date on Market: 2026-05-26

  • Last Updated:

  • Address: 138-39 Centreville St, Ozone Park, NY 11417

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