Profitable Deli Grocery Business
For Sale
$220,000
333 Shepherd Ave, Brooklyn, NY 11208
Turn-key deli/grocery business for sale in Brooklyn.
Property Size880 SF
Days on Market118
Property Features for 333 Shepherd Ave
General Information
Standard status
Active
Size
880 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,356
Building Details
Building Size
880 SF
Year Built
1905
Listing Agency:
(718) 902-0132
Listed By:
Irene Astudillo
(718) 902-0132
Source:
Elliman
Added: Apr 27
Changed: Aug 16
Last Checked: Aug 21 at 11:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Irene Astudillo
Investment Insights
Based on property information with market context.
This is a turn-key deli/grocery business for sale located on a highly visible corner of Shepherd Street & Liberty Avenue in Brooklyn. It is a well-established neighborhood store with strong daily foot traffic and a loyal customer base. The business generates approximately $1,300–$1,500 in daily gross sales, offering consistent cash flow and solid upside potential for an owner-operator. The store is fully stocked with everyday essentials and operates efficiently with a proven layout. The monthly rent is approximately $4,000, plus utilities and operating expenses. The lease includes basement space used for storage, providing operational flexibility and efficiency. This is a business sale only (no real estate included). It is an ideal opportunity for an experienced operator or first-time buyer seeking a stable, income-producing business in a dense residential area. The sale is subject to submission and acceptance of a Letter of Intent (LOI). The location has a bike score of 77, making it very bikeable, a walk score of 71, making it very walkable, and a transit score of 100, making it a rider's paradise.
Key Highlights
- Profitable, turn‑key deli/grocery business with consistent daily cash flow ($1,300-$1,500 gross sales).
- Prime corner location on Shepherd Street & Liberty Avenue with high visibility and strong foot traffic.
- Well‑established neighborhood store with a loyal customer base.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,130
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,600
$382.6K
Cap Rate 7%
$273,286
$273.3K
Cap Rate 9%
$212,556
$212.6K
Market Conditions
NOI Build-Up for 880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.5K $31.20/SF
− Vacancy
−$1.9K −$2.22/SF
EGI
$25.5K $28.98/SF
− OpEx
−$6.4K −$7.25/SF
NOI
$19.1K $21.74/SF
Area
ZIP 11208
Vacancy
7.10%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,600
Cap Rate 7%
$273,286
Cap Rate 9%
$212,556
Alternative Uses
Best Use
Specialty Retail
$273.3K
$239.1K – $318.8K
NOI $19,130 @ 7.0% cap · market cap 8.70%
Second Best
Retail
$231.4K
$202.5K – $270.0K
NOI $16,197 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$538.5K
$471.2K – $628.2K
NOI $37,692 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,797
Businesses Nearby
229k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 37%
Groceries 6%
Electronics 4%
McDonald's
Dining
32,207 visits/mo
0.4 miles
McDonald's
Dining
30,359 visits/mo
0.3 miles
Wendy's
Dining
27,662 visits/mo
0.4 miles
Mobil
Shops & Services
25,696 visits/mo
0.4 miles
White Castle
Dining
16,588 visits/mo
0.2 miles
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turn-key deli/grocery business for sale in Brooklyn.
Where is this grocery and convenience store located?
The property is located at 333 Shepherd Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Profitable, turn‑key deli/grocery business with consistent daily cash flow ($1,300-$1,500 gross sales).; Prime corner location on Shepherd Street & Liberty Avenue with high visibility and strong foot traffic.; Well‑established neighborhood store with a loyal customer base.
