# 516 Fountain Avenue, Brooklyn, NY 11208

> **TL;DR:** single family, $700,000, built 1901. Est. $3,033/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $700,000 |
| Year Built | 1901 |
| Lot Size | 3,999 sqft (0.09 acres) |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,033 |
| **Total** | **$3,033** |

## Property Highlights

- Built in 1901
- 0.09 acre lot

## Description

### Agent 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.

## Location

- **Address:** 516 Fountain Avenue, Brooklyn, NY 11208
- **County:** Kings (Brooklyn)
- **Coordinates:** 40.667179, -73.87245
- **Google Maps:** https://www.google.com/maps?q=40.667179,-73.87245

## Listing Agent

- **Name:** Alexana J. Martins
- **Brokerage:** Corcoran
- **Phone:** 9172045314
- **Email:** alexana.martins@corcoran.com

## Primary Photo

![516 Fountain Avenue - Primary Photo](http://lh.rdcpix.com/910dd3e8f1943c9af47ccc8d11d1424al-f2548972054r.jpg)

*2 total photos available on [listing page](https://www.propertysimple.com/listing/516-fountain-avenue-brooklyn-ny-11208-1013156)*

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**MLS#:** 1013156 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/516-fountain-avenue-brooklyn-ny-11208-1013156)

---

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