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$ 698,000
Est. payment /mo
Price Dropped by $50K
516 Fountain Ave Brooklyn, NY 11208
4,000 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11855460
Year Built 1901
Lot Size 4,000 Sqft
Property Description
Prime Mixed‑Use Opportunity - East New York, Brooklyn Discover a rare chance to own a large mixed‑use building in the heart of East New York, situated on an expansive 4,000 sq ft lot. This property offers tremendous potential for repositioning, redevelopment, or adaptive reuse as a community facility. Currently a TLC (Tender Loving Care) asset, the building provides a solid foundation for investors or developers seeking value‑add potential in one of Brooklyn's fastest‑transforming corridors. With generous lot dimensions and flexible zoning, the site invites creative possibilities - from multi‑family expansion to educational, medical, or nonprofit use. Lot Size: Approx. 4,000 sq ft - oversized for the area Use: Mixed‑use building with existing structure in need of TLC Zoning: Allows for residential, commercial, or community facility development (verify FAR and overlay specifics) Location: Convenient East New York block near transit, retail, and major thoroughfares Potential: Ideal for developers, investors, or organizations seeking a community‑oriented site. This property represents a strategic investment opportunity in a neighborhood experiencing steady growth and revitalization. Whether you envision a modern mixed‑use redevelopment or a community‑driven facility, this site offers scale, flexibility, and long‑term upside.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Exterior
Parking Features Detached
Garage Spaces 4.0
Building
Structure Type Masonry - Brick
Tenisha Davis, Licensed Real Estate Broker
Licensed Real Estate Broker - GRI, ABR, CBR, SFR, SRS - Notary Public