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$ 650,000
Est. payment /mo
Price Dropped by $50K
516 Fountain AVE Brooklyn, NY 11208
3,998 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1013156
Rental Info No
Year Built 1901
Annual Tax Amount $4,929
Lot Size 3,998 Sqft
Acres 0.0918
Property Sub-Type Mixed Use
Source onekey2
Property Description
This S1 mixed-use property consists of a one-family residence with one store/office and offers potential for multifamily redevelopment. Requires renovation and is being sold as-is. Includes a detached garage. Rare 4,000 sq. ft., providing more space than the surrounding neighborhood making it an ideal opportunity for investors, developers, and builders. Located in an area experiencing ongoing redevelopment throughout East New York. The property is surrounded by convenient neighborhood amenities, including the Gateway Center shopping district, one of Brooklyn's largest retail destinations, featuring more than 45 stores and restaurants. Within walking distance to Shirley Chisholm State Park, New York City's largest state park, featuring waterfront trails, biking paths, and panoramic views of Jamaica Bay. Supermarkets, restaurants, gas stations, and everyday services. Commuting is convenient with the C subway line within walking distance, plus nearby access to the A and 3 trains. The property also offers easy access to Atlantic Avenue, Linden Boulevard, Fountain Avenue, and the Belt Parkway. Building dimensions are approximately 20 ft x 34 ft (1,360 sq ft) on a 40 ft x 100 ft (4,000 sq ft) lot.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available None
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
High Schools Brooklyn 19
School District Brooklyn 19
Others
Special Listing Condition None
Listed by Corcoran • Alexana J. Martins