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$700,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • Updated 9 hours ago
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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 for 516 Fountain Ave

General

  • Price: $700,000
  • Taxes: $4,992
  • Status: Active
  • Type: Single Family
  • Source: REBNY
  • MLS ID: RLS20099334
  • Updated: Today (6/23/2026)
  • Added to Site: Today

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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Listing agent

— 516 Fountain Ave —

  • Corcoran Group

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 516 Fountain Ave

School District:New York City Geographic School District 19
NameGradesDistance
Ps 202 Ernest S Jenkyns
982 Hegeman Avenue, Brooklyn, NY 11208
K-60.2 mi
Jhs 218 James P Sinnott
370 Fountain Avenue, Brooklyn, NY 11208
6-80.2 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
6/23/2026
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 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 for 516 Fountain Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listing Courtesy of Corcoran Group

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516 Fountain Avenue, Brooklyn, NY 11208 (MLS# RLS20099334) is a Single Family property with 4 bedrooms and 2 full bathrooms. 516 Fountain Avenue is currently listed for $700,000 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 Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

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