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.
Key Highlights:
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,
Active
$750,000
516 Fountain Ave, Brooklyn, NY 11208
0beds
--sqft
Mixed Use
Built in 1901
-- sqft lot
$746,300 Zestimate®
$--/sqft
$-- HOA
What's special
- 22 days |
- 105 |
- 1 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Y H Real Estate 646-339-5358,
Yakov Hershkowitz
Source: StreetEasy,MLS#: S1835724
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Features
- Has fireplace: No
Property
Details
- Parcel number: 044810021
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Condition
- Year built: 1901
Community & HOA
Community
- Subdivision: East New York
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $734,000
- Annual tax amount: $4,990
- Date on market: 6/26/2026
Estimated market value
$746,300
$709,000 - $784,000
$3,725/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $750,000+7.9% |
Source: StreetEasy #S1835724 Report a problem | ||
| 7/18/2025 | Sold | $695,000+120.6% |
Source: Public Record Report a problem | ||
| 1/20/2015 | Listing removed | $315,000 |
Source: Listhub #2681170 Report a problem | ||
| 12/3/2014 | Listed for sale | $315,000 |
Source: Listhub #2681170 Report a problem | ||
| 10/21/2014 | Listing removed | $315,000 |
Source: Listhub #2681170 Report a problem | ||
| 6/11/2014 | Listed for sale | $315,000 |
Source: Listhub #2681170 Report a problem | ||
| 12/13/2013 | Listing removed | $315,000 |
Source: Listhub #2585682 Report a problem | ||
| 5/31/2013 | Listed for sale | $315,000-10% |
Source: Listhub #2585682 Report a problem | ||
| 7/3/2006 | Sold | $350,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,990 -0.4% | $44,040 +26.6% |
| 2024 | $5,008 | $34,800 -14.6% |
| 2023 | -- | $40,740 +27.4% |
| 2022 | -- | $31,980 +3.1% |
| 2021 | -- | $31,020 -15.4% |
| 2020 | $4,436 +0.9% | $36,660 -5% |
| 2019 | $4,399 +7.2% | $38,580 +96.7% |
| 2018 | $4,103 +8.7% | $19,615 +6% |
| 2017 | $3,773 +10.5% | $18,511 +6% |
| 2016 | $3,415 | $17,464 |
| 2015 | $3,415 +62.1% | $17,464 +0.8% |
| 2014 | $2,106 | $17,317 +5.9% |
| 2013 | -- | $16,346 +6% |
| 2012 | -- | $15,426 +6% |
| 2011 | -- | $14,554 |
| 2010 | -- | $14,554 +0.9% |
| 2009 | -- | $14,431 +5.9% |
| 2008 | -- | $13,622 +6% |
| 2007 | -- | $12,855 +6% |
| 2006 | -- | $12,129 |
| 2005 | -- | $12,129 +0.9% |
| 2004 | -- | $12,026 +5.9% |
| 2003 | -- | $11,352 +6% |
| 2002 | -- | $10,713 +6% |
| 2001 | -- | $10,108 |
| 2000 | -- | $10,108 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: East New York
Nearby schools
GreatSchools rating
- 3/10Ps 202 Ernest S JenkynsGrades: PK-5Distance: 0.2 mi
- 5/10Jhs 218 James P SinnottGrades: 6-8Distance: 0.2 mi
- 4/10The School For Classics: An Academy Of ThinkersGrades: 9-12Distance: 0.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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