357 Legion Street

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.