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$650,000
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Property Description
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.
Full Property Details
Full Property Details for 516 Fountain Ave
General
- Price: $650,000
- Taxes: $4,992
- Status: Active
- Type: Single Family
- Source: REBNY
- MLS ID: RLS20099334
- Updated: 6/30/2026
- Added to Site: 17 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Smoke Free
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Unit
Additional Information
- Pool: Yes
- Pool Description: Building None
Location
- County: Kings
- Subdivision: East New York
Community
- Pets Allowed: Yes
Structural Information
- Structure Type: Mixed Use
- Basement Desc.: Other
- Stories/Levels: 2
- Year Built: 1901
- Other Struct. Feat.: Green Building
Lot Features
- Property View: Other
- Lot Size: 4000
- Lot Dimensions: 100.00 x 40.00
- Zoning: R5
Financial Considerations
- Tax Amount: $4,992
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 04481-0021
- Block: 4481
- Lot Number: 21
Listing Courtesy of Corcoran Group
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Schools
Schools serving 516 Fountain Ave
School District:New York City Geographic School District 19
| Name | Grades | Distance |
|---|---|---|
Ps 202 Ernest S Jenkyns 982 Hegeman Avenue, Brooklyn, NY 11208 | K-6 | 0.2 mi |
Jhs 218 James P Sinnott 370 Fountain Avenue, Brooklyn, NY 11208 | 6-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Fountain Ave
Date
Details
Price
Change
Source
6/30/2026
Price Reduced
$650,000
-7.14%
MLS
6/23/2026
Listed
$700,000
0.72%
MLS
7/02/2025
Sold
$695,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 516 Fountain Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,051
1%
$49,560
13%
2024
$5,008
—
$44,040
27%
2024
$5,008
6%
$34,800
-15%
2023
$4,728
5%
$40,740
27%
2022
$4,511
-49%
$31,980
3%
2021
$8,821
99%
$31,020
-15%
2020
$4,436
1%
$36,660
-5%
2019
$4,399
7%
$38,580
97%
2018
$4,103
9%
$19,615
6%
2017
$3,773
8%
$18,511
6%
2016
$3,491
2%
$17,464
—
2015
$3,415
9%
$17,464
1%
2014
$3,137
12%
$17,317
6%
2013
$2,808
—
$16,346
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 Fountain Ave
516 Fountain Avenue, New York City, NY 11208 (MLS# RLS20099334) is a Single Family property with 4 bedrooms and 2 full bathrooms. 516 Fountain Avenue is currently listed for $650,000 and was received on June 23, 2026. Want to learn more about 516 Fountain Avenue? Do you have questions about finding other Single Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

