Presenting a rare opportunity in prime Sheepshead Bay-a fully detached three-family Victorian that offers both solid investment income and outstanding development potential. Spanning three stories plus a full basement, the property has been well maintained, featuring a new gas boiler, updated roof, siding, and windows for immediate functionality and long-term value. The spacious layout allows for flexible configuration: the first floor can be maximized to four bedrooms, the second floor has potential for five bedrooms, and the third floor up to four bedrooms. Whether you're seeking a high-yield income producer or exploring the potential for a 9,000 square-foot community facility, this versatile property fits the bill. Located just minutes from the B and Q trains, multiple bus lines, and the Belt Parkway, and surrounded by a vibrant mix of restaurants, cafes, and shops, this offering sits in one of Brooklyn's most desirable and accessible neighborhoods.