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516 Fountain Avenue Brooklyn, NY $ 700,000
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$ 700,000 Get more info
516 Fountain Avenue
$ 700,000
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516 Fountain Avenue

Brooklyn, NY, 11208
$ 700,000
Bedrooms-- Baths-- Sq 1,360

Monthly Estimate*

$ 4,310

516 Fountain Avenue, Brooklyn, NY 11208 - Image 1
516 Fountain Avenue, Brooklyn, NY 11208 - Image 2

Commercial Property for sale in Brooklyn, NY

for $700,000. This 1,360 square foot building was built in 1901 on a lot size of 0.0918.

Development opportunity in the heart of East New York, Brooklyn. S1 mixed-use property - one-family with one store/office, with potential for multifamily. Detached garage. Property requires renovation and is being sold as-is—ideal for investors and builders seeking strong value-add potential in a rapidly evolving Brooklyn market. Nearby amenities include the Gateway Center shopping district, gas stations, supermarkets, and restaurants. Walk to Shirley Chisholm State Park, NYC’s largest waterfront green space with trails, biking paths, and panoramic Jamaica Bay views. Conveniently located near multiple subway lines, including the C train within walking distance, with additional access to the A and 3 trains nearby. Close Atlantic Ave, Linden Blvd, and Fountain Ave, with easy access to the Belt Parkway and JFK Airport. Building dimensions: 20 ft x 34 ft (approx. 1,360 sq ft). Lot size: 40 ft x 100 ft (4,000 sq ft). Excellent opportunity to maximize value in a well-connected Brooklyn location with strong long-term growth potential.

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Commercial Active

Price

$ 700,000

Property Type

Commercial

Taxes

$ 4,929

Style

Mixed Use

Lot Size

0.0918

Year Built

1901

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

1013156
Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling None
Utilities None
Zoning R5
Construction Materials Stucco
Year Built 1901
Property Subtype Mixed Use
Tax Year 2025
Parcel Number 04481-0021
Business Type Mixed Residential
County Kings (Brooklyn)
Property Type Commercial Sale
City New York
High School District Brooklyn 19
Property Attached Y/N N
Tax Annual Amount 4929.24
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 19
Elementary School District Brooklyn 19
Tax Assessed Value 44040
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Interior
Basement Unfinished
Basement Features Unfinished
Basement (Y/N) Y
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Exterior
Water Source Public
Building Area Total 1360
Waterfront Y/N N
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Internal Only
Street Number 1 516
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* Excluded Features
List By
Alexana J. Martins

Listing Agent

Corcoran

Broker

917-204-5314

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Affordability Calculator

$4,721
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,310
Monthly Property Taxes
$411
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4099623 Elementary School
4887587 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/13/2026$700,000 Listed Price

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516 Fountain Avenue, Brooklyn, NY, 11208 is a Commercial Property for sale at $700,000 with 1,360 sqft and a lot size of 0.0918. 516 Fountain Avenue was built in 1901. The property's zip code is 11208 which is in Brooklyn, NY

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