




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.
Location
Listed By
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Listing Office: Zalman L. Pavel
Attribution contact: 929-214-2120









