357 Legion Street

Brooklyn, NY 11212

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 courtesy of Zalman L. Pavel zpavel2120@gmail.com


Based on information submitted to the MLS GRID as of 2026-02-21 06:12 PM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.