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$2,650,000
Est. payment /mo
2,644 Sqft Lot
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 960797
Rental Info No
Year Built 1930
Annual Tax Amount $6,757
Lot Size 2,644 Sqft
Acres 0.0607
Property Sub-Type Mixed Use
Source onekey2
Property Description
FOR SALE | 357 Legion Street, Brooklyn, NY
Prime Corner Mixed-Use | Daycare Ready | Development Upside
An exceptional opportunity to own a high-visibility corner property offering three distinct value plays in one asset.
1. Fully Approved Daycare – Ready to Open
The first floor and lower level are fully built out and approved for a daycare facility accommodating 90+ children (designed for up to 100). Delivered vacant with all permits in place, this plug-and-play space features 11-foot ceilings, new LED lighting, full sprinkler system (including basement), and brand-new HVAC systems. Perfect for an operator looking to open immediately without construction delays.
2. Development Potential – Expand & Add Units
Situated in an R6 zoning district with approximately 1,826 SF of unused FAR, the property offers clear potential to build additional residential units and significantly increase long-term value.
3. Strong Income + Commercial Upside
The property includes two renovated 3-bedroom, 1-bath apartments, currently generating a monthly income of $7,600. An investor can lease the commercial space at market rent to dramatically enhance cash flow and overall return of a 10% Cap in a Brand new Building.
Positioned on a prominent corner at Legion Street and Riverdale Avenue with excellent visibility and signage potential, this is a rare opportunity for an operator, developer, or investor to capitalize on immediate income and substantial upside in a growing Brooklyn market.
Prime Corner Mixed-Use | Daycare Ready | Development Upside
An exceptional opportunity to own a high-visibility corner property offering three distinct value plays in one asset.
1. Fully Approved Daycare – Ready to Open
The first floor and lower level are fully built out and approved for a daycare facility accommodating 90+ children (designed for up to 100). Delivered vacant with all permits in place, this plug-and-play space features 11-foot ceilings, new LED lighting, full sprinkler system (including basement), and brand-new HVAC systems. Perfect for an operator looking to open immediately without construction delays.
2. Development Potential – Expand & Add Units
Situated in an R6 zoning district with approximately 1,826 SF of unused FAR, the property offers clear potential to build additional residential units and significantly increase long-term value.
3. Strong Income + Commercial Upside
The property includes two renovated 3-bedroom, 1-bath apartments, currently generating a monthly income of $7,600. An investor can lease the commercial space at market rent to dramatically enhance cash flow and overall return of a 10% Cap in a Brand new Building.
Positioned on a prominent corner at Legion Street and Riverdale Avenue with excellent visibility and signage potential, this is a rare opportunity for an operator, developer, or investor to capitalize on immediate income and substantial upside in a growing Brooklyn market.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished
Interior
Heating ENERGY STAR Qualified Equipment
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Listed by Zalman L. Pavel • Zalman L. Pavel
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716