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$679,000 Just Listed
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Property Description
INCREDIBLE INVESTMENT OPPORTUNITY WITH ENDLESS POTENTIAL! Welcome to 516 Fountain Avenue in Brooklyn! This spacious three-bedroom, two-bathroom property offers a unique opportunity for investors, entrepreneurs, or buyers looking to bring their vision to life. Legally permitted for use as a single-family residence with a day-care/Pre-K/Kindergarten, this versatile property offers exciting possibilities for both residential and commercial use. With generous space and tremendous potential, this property is ready for renovation and customization. Bring your creativity and transform this hidden gem into something truly special!
Full Property Details
Full Property Details for 516 Fountain Ave
General
- Price: $679,000
- Taxes: $5,051
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1068658
- Updated: 10/31/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Professional/Office
Location
- County: Kings (Brooklyn)
School Information
- High School District: Brooklyn 19
- Elementary School: Ps 202 Ernest S Jenkyns
- Middle School: Jhs 218 James P Sinnott
- High School: Academy For Young Writers
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- 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: $5,051
Disclosures and Reports
- Special Conditions: None
- Property ID: 04481-0021
Listed by Keller Williams Landmark II
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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
10/30/2026
Listed
$679,000
-2.3%
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, Brooklyn, NY 11208 (MLS# 1068658) is a Commercial property. 516 Fountain Avenue is currently listed for $679,000 and was received on October 30, 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.

