516 Fountain Ave
Listing Notes
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.
Price in context
Cheaper than 79% of the 24 homes listed nearby right now, which run $449,000 to $929,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 12681 Flatlands Ave Lot 62 | $449,000 | — |
| 12697 Flatlands Ave | $450,000 | 4 bd · 2 ba |
| 983 Crescent St | $550,000 | Studio |
| 350 Montauk Ave | $559,900 | 5 bd · 2 ba |
| 300 Milford St | $595,000 | 3 bd · 2 ba |
| 99 Doscher St | $679,000 | 5 bd · 2 ba |
| 294 Berriman St Lot 29 | $699,000 | — |
| 294 Berriman St | $699,000 | 6 bd · 2 ba |
| 660 Pine St | $700,000 | 4 bd · 2 ba |
| 658 Pine St | $700,000 | 3 bd · 3 ba |
| 126 Crystal St | $715,000 | 4 bd · 2 ba |
| 1371-1373 Dumont Ave | $725,000 | — |
| 716 Hemlock St | $775,000 | 5 bd · 3 ba |
| 393 Montauk Ave | $799,900 | 8 bd · 4 ba |
| 801 Logan St | $820,000 | 5 bd · 3 ba |
| 801 Logan St | $820,000 | 5 bd · 3 ba |
| 388 Atkins Ave | $849,000 | 5 bd · 2 ba |
| 791 Logan St | $849,990 | 4 bd · 2 ba |
| 1376 Dumont Ave | $850,000 | 6 bd · 3 ba |
| 545 Logan St | $850,000 | 4 bd · 3 ba |
| 722 Elton St | $868,000 | 3 bd · 2 ba |
| 1094 Blake Ave Unit 2FAM | $899,000 | 4 bd · 3 ba |
| 964 Hemlock St | $899,000 | Studio |
| 956 Hegeman Ave | $929,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more