---
title: "516 FOUNTAIN Avenue, Brooklyn, NY 11208"
description: "516 FOUNTAIN Avenue, Brooklyn, NY 11208 — NYC real estate listing on Real Estate Rebate Team. Priced at $650,000. Est. potential buyer savings up to $16,250 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11208/516-fountain-avenue-ny-11208"
source: "Real Estate Rebate Team"
---

# 516 FOUNTAIN Avenue, Brooklyn, NY 11208

> **Listing Courtesy of:** Corcoran Group

## 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.

## Property Details

- **Price**: $650,000
- **Potential Buyer Rebate**: $16,250
- **Bedrooms**: 4
- **Bathrooms**: 2
- **Living Area**: 680 sqft
- **Property Type**: Residential
- **Year Built**: 1901
- **Building**: 516 FOUNTAIN Avenue
- **Neighbourhood**: East New York
- **Area / Borough**: Brooklyn
- **Subdivision**: East New York
- **Listing Office**: Corcoran Group
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$16,250** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/516-fountain-avenue)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/east-new-york)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.