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$700,000 Just Listed

For Sale
Active
Commercial
Updated 2 days ago

Map & Location

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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.

Full Property Details

Full Property Details for 516 Fountain Ave

General

Price: $700,000
Taxes: $4,929
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 1013156
Updated: 6/13/2026
Added to Site: 2 day(s) ago

Business

Business Type: Mixed, Residential

Location

County: Kings (Brooklyn)

School Information

High School District: Brooklyn 19

Heating & Cooling

Cooling Type: None
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: None

Structural Information

Detached/Attached: Detached
Construction: Stucco
Basement: Yes
Basement Desc.: Unfinished
Building Size: 1360
Square Feet: 1,360
Year Built: 1901

Lot Features

Lot Size (Acres): 0.0918
Lot Size (Sq. Ft.): 4,000
Zoning: R5

Financial Considerations

Tax Amount: $4,929.24

Disclosures and Reports

Special Conditions: None
Property ID: 04481-0021

Listed by Corcoran

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— 516 Fountain Ave —

Corcoran

917-204-5314

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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 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/13/2026

Listed

$700,000

0.72%

MLS

7/02/2025

Sold

$695,000

—

Public Record

Get Price Alerts and Save Property

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

—

View All

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

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Listed by Keller Williams Legendary

516 Fountain Avenue, Brooklyn, NY 11208 (MLS# 1013156) is a Commercial property. 516 Fountain Avenue is currently listed for $700,000 and was received on June 14, 2026. Want to learn more about 516 Fountain Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

516 Fountain Ave Brooklyn, NY 11208