516 Fountain Ave

516 Fountain Ave, Brooklyn, NY 11208

Property Information

  • For Sale $748,000
  • Property Type Unassigned
  • Property Size 4,000 SF
  • Year Built 1901
  • Date Updated Jul 9, 2026

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.

Contacts

Location

Located at 516 Fountain Ave, Brooklyn, NY 11208, this property is part of the East New York neighborhood.

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