Log In/Sign Up
Your email has been sent.
357 Legion St
Brooklyn, NY 11212
Ready Day care center · Multifamily Property For Sale
·
3 Units
Executive Summary
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.
Property Facts
| Price Per Unit | $883,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | Build to Suit | Building Size | 7,500 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1930/2019 |
| Apartment Style | Low-Rise | Parking Ratio | 0.4/1,000 SF |
| Zoning | R6 - R6 - Medium density residential district | ||
| Price Per Unit | $883,333 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2019 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | R6 - R6 - Medium density residential district |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
Property Taxes
| Parcel Number | 03595-0027 | Improvements Assessment | $73,680 |
| Land Assessment | $19,080 | Total Assessment | $92,760 |
Property Taxes
Parcel Number
03595-0027
Land Assessment
$19,080
Improvements Assessment
$73,680
Total Assessment
$92,760
1 of 63
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
