A rare opportunity awaits on Cheever Place, a picturesque, tree-lined enclave in the heart of the Cobble Hill Historic District. This stately, 21-foot-wide turn-of-the-century townhouse—delivered vacant—offers exceptional versatility as a lucrative three-family investment, a spacious two-family home, or a grand single-family residence. With its 21-by-40-foot footprint on an 88.5-foot-deep lot and a max FAR of 2.43 (currently built to only 1.81), the property presents significant potential for future expansion. Up the brownstone stoop, the parlor level welcomes you with nearly eleven-foot ceilings, abundant natural light from oversized eastern and western-facing windows, and charming period details including crown molding and two fireplaces. The elegant front living room, centered around a bio-fuel fireplace with an original marble mantel, offers a gracious setting for entertaining or relaxing, with views overlooking historic Cheever Place. A powder room adds convenience to this beautifully proportioned floor. At the rear of the parlor level, the windowed chef’s kitchen is outfitted with high-end stainless steel appliances, marble countertops, and a farmhouse sink overlooking the leafy backyard. The adjoining dining room features a decorative fireplace and opens to a lovely deck through French doors—perfect for grilling or dining al fresco in the lush, landscaped garden below. The garden level, connected as a duplex to the parlor floor, offers a spacious primary bedroom with glass doors leading directly to the garden, a walk-in closet, a laundry room, a full bathroom, and an additional large room that is ideal as a second bedroom, office, or den. The private backyard is a tranquil oasis, surrounded by mature plantings, natural stonework, and defined garden beds—thoughtfully maintained and full of seasonal color. Upstairs, the third floor is currently configured as a one-bedroom apartment that can be easily converted into a two-bedroom unit. This floor includes a generous living room, formal dining room, windowed kitchen, and full bath—all with charming prewar elements, including a decorative fireplace and crown molding. The top floor is laid out as a two-bedroom apartment, featuring an expansive living room, a full bathroom, a windowed kitchen, and the added benefit of skylights and an in-unit washer/dryer. The cellar provides abundant storage and could be finished for use as a recreation room, home gym, or additional living space. Ideally situated just moments from the shops and restaurants of Court and Smith Streets, top-rated local schools, and neighborhood parks, this exceptional property combines historic charm, modern flexibility, and prime location in one of Brooklyn’s most sought-after communities.