357 Legion St - Apartments FOR SALE


Brooklyn, NY 11212- Brownsville
$2,650,000 USD
929-214-2120
357 Legion St, Brooklyn, NY for Sale
$2,650,000 USD
Apartments - FOR SALE
1/62
null | Request Cap Rate

357 Legion St
Brooklyn, NY 11212
Brownsville


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

3

PRICE/UNIT

$883,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ready Day care center

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6

APN/PARCEL ID

03595-0027

ASK ABOUT THIS PROPERTY

Zalman PavelPlexus Realty NY LLCMore Info
929-214-2120

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Zalman PavelPlexus Realty NY LLCMore Info
929-214-2120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.