516 Fountain Avenue • Brooklyn, NY 11208

$700,000 • Beds: 0 • Baths: • Sq. Feet: 0 • MLS ID: 1013156 • Subdivision: • School Dist: Brooklyn 19
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. View this listing at: http://krantibhalla.laffey.com/mls=1013156

Property Features

  • Taxes: $4,929
  • Basement: Yes
  • Exterior: Stucco
  • Lot Size: 0.09 Acres
  • Heating: Natural Gas
  • Cooling: None
  • Year Built: 1901
  • Water: Public
  • Sewer: Public Sewer
  • On Market Date: 2026-06-14
  • Basement: Unfinished
  • Building Area Total: 1360
  • Business Type: Mixed,Residential
  • Parcel Number: 04481-0021
  • Rental Term: Monthly
  • Utilities: None

School Information

  • School District: Brooklyn 19
Printed June 14, 2026

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