Log In/Sign Up
Your email has been sent.
Ready Day care center 357 Legion St 3 Unit Apartment Building $2,650,000 ($883,333/Unit) Brooklyn, NY 11212
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 | $2,650,000 | Building Class | C |
| Price Per Unit | $883,333 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 7,500 SF |
| Sale Condition | Build to Suit | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2019 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - R6 - Medium density residential district | ||
| Price | $2,650,000 |
| 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 | - | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (73)
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
1 of 1
Presented by
Plexus Realty NY LLC
Ready Day care center | 357 Legion St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.