296 Legion Street, New York City, NY 11212
Listing Courtesy of RE Max Edge Group
$1,250,000
Potential Rebate: $18,750
Overview
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.<br><br><br><br><br><br>
Home Features
- •Garage
- •Hardwood
Building Amenities
- •Garage
Estimated Monthly Payment
$6,493 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$18,750
Monthly savings impact
$52/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of RE Max Edge Group
Data Source: TRESTLE #RLS20055133
Price Analysis
Compare average listing prices and value metrics for 296 Legion Street against the surrounding Brownsville market.
Average List Price
Price Per SqFt
10.08% Lower
than the Brownsville price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Brownsville
Overview of Brownsville
Brownsville is a neighborhood with deep roots and a strong sense of community survival. Known for its high concentration of public housing, it is also a cultural incubator that has produced legends like Mike Tyson. For buyers seeking Brownsville Brooklyn real estate, the market is primarily focused on small multi-family investment properties.
Living in Brownsville is about grit and community. As a Brooklyn NYC neighborhood, it remains one of the most affordable and authentic areas left.
Real Estate & Housing Market
The market for homes for sale in Brownsville is investor-heavy. You can find stone and brick rowhouses at price points unseen elsewhere in Brooklyn.
Lifestyle & Community
The lifestyle in Brownsville is centered on the block. Community centers like the Brownsville Recreation Center are vital hubs.
Transportation & Accessibility
Brownsville is served by the 3 and L trains. Transit access is solid.
Parks, Schools & Amenities
Betsy Head Park recently underwent a massive $30 million renovation.
Amenities: The purely local shopping on Pitkin Avenue.
Who This Neighborhood Is Best For
Brownsville is best for investors and pioneer homeowners looking for rock-bottom prices.
