Development opportunity in the heart of East New York, Brooklyn.


Property

Website:https://www.nestseekers.com/5589748
Address:
516 Fountain Avenue
Brooklyn, NY 11208
Cross street:Hegeman Avenue
Type:House
Era:Post-war
Floors:2
Ownership: Mixed Use
Rooms: 11
Bedrooms: Studio

Financials

Price:$700,000
Real estate tax:$4,992

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.

Amenities

Garage;
  • Basement
  • Garage

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Corcoran Group