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Kranti Bhalla
Licensed Real Estate Salesperson
REALTOR®
(212) 500-0389
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516 Fountain Avenue, Brooklyn, NY 11208

$700,000
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Kranti Bhalla
Call: (212) 500-0389
Text: (212) 500-0389

New to the Market
MLS#1013156
STATUSActive PROPERTY TYPECommercial - Multiple SCHOOLBrooklyn 19
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Property Description

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.

516 Fountain Avenue | MLS# 1013156

This commercial property located at 516 Fountain Avenue, Brooklyn, NY 11208 is currently listed for sale with an asking price of $700,000. Fountain Avenue is located within the Brooklyn 19 school district. Search Brooklyn real estate on krantibhalla.laffey.com today.

Property Features

Property Type: Commercial - Multiple
Basement: Unfinished
Basement: Yes
Cooling: None
Heating: Natural Gas
Lot Size: 0.09 Acres
Taxes: $4,929
Year Built: 1901

Feature Descriptions

Building Area Total: 1360
Business Type: Mixed, Residential
Exterior: Stucco
On Market Date: 2026-06-14
Parcel Number: 04481-0021
Rental Term: Monthly
Sewer: Public Sewer
Utilities: None
Water: Public

Local Schools

School District: Brooklyn 19

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Preferred Communication Method

Listed By / Shown By

Listing By

Agency Name: Corcoran
Agency Contact: 917-204-5314

Shown By

Agent Name: Kranti Bhalla
Agent Phone: (212) 500-0389
Agency Title: Laffey Real Estate

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Kranti Bhalla
Kranti Bhalla Office: (516) 328-3233 Cell: (212) 500-0389 Email: kbhalla@laffeyre.com
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/14/2026. The listing information on this page last changed on 06/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 06/14/2026 1:01:07 AM EST) or OneKey MLS (last updated Sun 06/14/2026 12:56:23 AM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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