Price Reduced 7.14%
Price History
$700,000
6/14/2026
$650,000
6/30/2026
516 Fountain Avenue, Brooklyn, NY, 11208
1901
This S1 mixed-use property consists of a one-family residence with one store/office and offers potential for multifamily redevelopment. Requires renovation and is being sold as-is. Includes a detached garage. Rare 4,000 sq. ft., providing more space than the surrounding neighborhood making it an ideal opportunity for investors, developers, and builders. Located in an area experiencing ongoing redevelopment throughout East New York. The property is surrounded by convenient neighborhood amenities, including the Gateway Center shopping district, one of Brooklyn's largest retail destinations, featuring more than 45 stores and restaurants. Within walking distance to Shirley Chisholm State Park, New York City's largest state park, featuring waterfront trails, biking paths, and panoramic views of Jamaica Bay. Supermarkets, restaurants, gas stations, and everyday services. Commuting is convenient with the C subway line within walking distance, plus nearby access to the A and 3 trains. The property also offers easy access to Atlantic Avenue, Linden Boulevard, Fountain Avenue, and the Belt Parkway. Building dimensions are approximately 20 ft x 34 ft (1,360 sq ft) on a 40 ft x 100 ft (4,000 sq ft) lot.
Status:
Active
Type:
Commercial
Heating:
Natural Gas
Cooling:
None
Basement:
Unfinished
Acreage:
0.09
Est. Taxes:
$4,929
Assessment
$44,040
Construction
Stucco
Utilities
None
School District:
Community District 19
Days on Market:
16
MLS #:
1013156
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Corcoran 917-204-5314