MLS#1013156
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLBrooklyn 19
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.
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
Listed By / Shown By
Listing By
Agency Name: Corcoran
Agency Contact: 917-204-5314
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
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 www.cbamhomes.com today.