Residence photography unavailable
01 / 01
For Sale

516 Fountain Ave

Brooklyn, NY 11208

$698K
· Built 1901
The residence

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.

At a glance
Property type
Status
Active
Year built
1901
MLS#
11855460
Beds · Baths
0 · 0
Location

Brooklyn, NY.

Brooklyn, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$3K/mo
Approximate · principal & interest only
Display Currency
$698K

Indicative conversion — settlement always in USD.

Private Showing

Arrange a viewing.

A senior advisor will reply personally to coordinate access at a time that suits you. All inquiries are held in confidence.

Submitted in confidence to the listing advisor. By submitting, you consent to be contacted by SZ INC. Realty at the number and email provided, including by call and text; message and data rates may apply, and consent is not a condition of any purchase or lease. See our Privacy Policy.

Listing courtesy of Y H REAL ESTATE · NYSMLS

My State MLS / New York State MLS.Listing data is provided by My State MLS / New York State MLS for the personal, non-commercial use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate and should be independently verified.

Listings updated Sep 18, 2026

Fair Housing