747 Essex Street, Brooklyn, NY 11208

Property Description

Welcome to 747 Essex Street – a legal three-family home offering exceptional versatility, income potential, and space. This semi-detached brick property is ideal for both end-users and investors seeking a smart opportunity in Brooklyn. The layout is thoughtfully divided between two distinct sides of the building. The right side features a 3-bedroom, 1-bathroom apartment over a 1-bedroom, 1-bathroom apartment, each with great natural light and functional layouts. The left side showcases a duplex 3-bedroom, 3-bathroom residence with an unfinished basement offering high ceilings and a separate entrance—perfect for storage, recreation, or future customization. The building is fully equipped with three separate boilers, hot water storage tanks, and electric meters, keeping all utilities independent for each unit. This setup allows an owner to live comfortably in the spacious duplex while offsetting mortgage costs with rental income from the other two apartments—or enjoy strong rental returns across all units. Conveniently located near the New Lots Avenue 3 train, Shepherd Avenue A/C trains, and multiple MTA bus routes, 747 Essex Street provides easy access throughout Brooklyn and Manhattan. The property is also close to local schools, shops, and neighborhood parks, making it an attractive choice for tenants and owners alike. Whether you’re an investor looking for a high-yield multi-family or a buyer seeking a primary residence with built-in income potential, 747 Essex Street delivers flexibility, function, and value in one of Brooklyn’s fastest-growing neighborhoods.