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296 Legion StreetBrooklyn, NY 11212

For Sale

$1,250,000

Smart Buyer Rebate $15,625

Prime opportunity for investors to acquire a semi-attached corner mixed-use property located in the heart of Brownsville, Brooklyn. The building features: One ground-floor commercial unit, currently leased to a barbershop Three residential apartments two 2-bedroom units and one 3-bedroom unit, all fully occupied Rear garage generating $700/month in additional income The property produces a gross annual income of approximately $127,020, offering consistent cash flow and strong upside potential through future rent increases. Situated on a visible corner with excellent foot and vehicle traffic, near shopping, schools, and public transportation. This property represents a turnkey, income-producing asset ideal for investors seeking stable returns and long-term appreciation in an emerging Brooklyn neighborhood.





Listed by Faig Mikayilov

·

RE Max Edge Group

·

(718) 612-3088

Last updated October 16, 2025

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Source: REBNY #RLS20055133

Listing Facts

  • TypeSingle-family
  • NeighborhoodBrownsville
  • Bedrooms7
  • Bathrooms3
  • Days on Prevu6
  • Taxes$3,792/year
  • Size2,800 sqft
  • Price per sqft$446

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/16/2025
Listed by RE Max Edge Group
$1,250,000

Estimated Closing Costs

Total
$46,875
Attorney Fees
$4,000
NYC Mansion Tax
$12,500
Title Insurance
$5,625
Bank Attorney
$1,500
Mortgage Recording Tax
$19,250
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,250,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 296 Legion Street

Association

Amenities

  • Pets Allowed: Building No, No

Financial

  • Flip Tax Remarks: ASK EXCL BROKER

Exterior

Construction

  • Structure Type: Mixed Use
  • Year Built: 1900
  • Entry Level: 2

Measurements

  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 00
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 03567-0001
  • Tax Annual Amount: $3,792.00

Interior

Features

  • Flooring: Hardwood

Measurements

  • Living Area: 2,800
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 7
  • Rooms Total: 13

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Brownsville
  • Tax Block: 03567
  • Tax Lot: 0001

Parking

Parking

  • Parking Features: Garage

Utilities

Equipment

  • Has Heating: Yes

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.