357 Legion Street, Brooklyn, NY 11212

• 4,605 sqft

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.

Listing Status:

Active

Data Last Updated:

March 26, 2026 at 4:21PM

Listing Office:

Zalman L. Pavel : 929-214-2120

MLS ID:

960797

Interior

• Basement: Finished
• A/C: Central Air
• Heating: ENERGY STAR Qualified Equipment

Location

• Originating MLS: onekey2
• County: Kings (Brooklyn)

Lot

• Zoning: R603595-0027

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2