Bubble Tea Shop with Finished
New
For Sale
$138,000
5723 8th Ave, Brooklyn, NY 11220
A finished lower level supplements the shop’s street-level retail area.
Property Size300 SF
Days on Market2
Property Features for 5723 8th Ave
General Information
Standard status
Active
Size
300 SF
Property subtype
Commercial
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Floor
Ground, Basement
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,400
Building Details
Building Size
300 SF
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Baofang (Selena) Lin
(718) 680-2776
Source:
Elliman
Added: Nov 3
Last Checked: Nov 3 at 2:56PM
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 E House Realty & Mgt. Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This established bubble tea business occupies approximately 300+ sq. ft. of first-floor retail space, with an additional 800 sq. ft. of finished basement area. The business is offered for sale, and its lease has more than 8 years remaining.
The property is at 5723 8th Ave in Brooklyn. Walk Score is 95, Transit Score is 89, and Bike Score is 58.
The property is at 5723 8th Ave in Brooklyn. Walk Score is 95, Transit Score is 89, and Bike Score is 58.
Key Highlights
- Approximately 300+ sq. ft. of first‑floor retail space
- Additional 800 sq. ft. of finished basement area
- More than 8 years remaining on the lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,491
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,820
$189.8K
Cap Rate 7%
$135,586
$135.6K
Cap Rate 9%
$105,456
$105.5K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$13.7K $45.60/SF
− Vacancy
−$1.0K −$3.42/SF
EGI
$12.7K $42.18/SF
− OpEx
−$3.2K −$10.55/SF
NOI
$9.5K $31.64/SF
Area
ZIP 11220
Vacancy
7.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,820
Cap Rate 7%
$135,586
Cap Rate 9%
$105,456
Alternative Uses
Best Use
Specialty Retail
$135.6K
$118.6K – $158.2K
NOI $9,491 @ 7.0% cap · market cap 6.88%
Second Best
Retail
$113.1K
$99.0K – $132.0K
NOI $7,920 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$194.5K
$170.2K – $226.9K
NOI $13,614 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7,012
Businesses Nearby
50k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 17%
Electronics 8%
Home Improvements & Furnishings 5%
Chase Bank
Shops & Services
16,183 visits/mo
0.5 miles
Shell
Shops & Services
14,799 visits/mo
0.4 miles
Carvel Ice Cream
Dining
5,481 visits/mo
0.4 miles
W 8 Electric Supply Corp.
Home Improvements & Furnishings
2,500 visits/mo
0.2 miles
Boost Mobile
Electronics
2,500 visits/mo
0.4 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Jean Danet Pastry Shop and Caffe' — 7526 5th Ave, Brooklyn, NY 11209
- Sam's Bagels — 7715 5th Ave, Brooklyn, NY 11209
- Asal Yemen — 7616 5th Ave, Brooklyn, NY 11209
- Luz De Luna Cafe — 6012 New Utrecht Ave, Brooklyn, NY 11219
- El Tarboush — 7311 5th Ave, Brooklyn, NY 11209
Frequently Asked Questions
What type of property is this?
Coffee shop - A finished lower level supplements the shop’s street-level retail area.
Where is this coffee shop located?
The property is located at 5723 8th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $138,000.
What are key features of this property?
This property features: Approximately 300+ sq. ft. of first‑floor retail space; Additional 800 sq. ft. of finished basement area; More than 8 years remaining on the lease
