138-39 Centreville Street
138-39 Centreville Street, Ozone Park, NY 11417
Marketing description
138-39 Centreville Street presents a residential development opportunity in the Ozone Park section of Queens. The site measures 131.25' x 83' (10,894 square feet) and is zoned R3X with a 0.6 FAR, allowing for 6,536 buildable square feet as-of-right. With the City of Yes rezoning, the FAR increases to 0.75, offering additional development potential for 8,155 buildable square feet.
The property is ideally suited for the construction of three detached two-family homes up to 2,720 square feet each. The neighborhood offers strong residential demand with excellent connectivity—steps from the A subway line, minutes to JFK International Airport, and near the ongoing $5.5B expansion of Resorts World Casino. The expansion is expected to create 10,000 jobs further enhancing the area's long-term growth and desirability.
Investment highlights
- As-of-Right: 6,536 BSF
- City of Yes: 8,155 BSF
- Ideal for Three 2-Family Detached Houses
- Close to Resorts World NYC, Hyatt Regency Hotel, & JFK Airport
- Asking Price: $1,695,000 | PPBSF: $259 (As-of-Right) PPBSF: $208 (City of Yes)
- Block/Lot: 11535/121
- Lot Dimensions: 131 x 83
- Lot Area: 10,873 SF
- As-of-Right BSF: 6,536 BSF
- As-of-Right FAR: 0.6
- City of Yes FAR: 0.75
- City of Yes BSF: 8,155 BSF
- Zoning: R3X
- Tax Class: 1B
- Property Taxes (26/27): $4,476
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