Retail Space with Finished
New
For Sale
$138,000
5723 8th Avenue, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size300 SF
Lot Size0.04 Acres
Price / SF$460
Days on Market2
Property Features for 5723 8th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
300 SF
Lot size
0.04 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
2400
Building Details
Building materials
Brick
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Baofang (Selena) Lin
(718) 680-2776
Added: Oct 31
Last Checked: Nov 1 at 1:06AM
MLS# 505761
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Brooklyn retail space has a first-floor storefront area and an 800-square-foot finished basement. The premises currently operate as a bubble tea shop, and the lease has more than 8 years remaining. R6 zoning is listed for the property.
The space is at 5723 8th Avenue in Brooklyn, within the 8th Avenue commercial district. The location is described as part of a Chinese community.
The space is at 5723 8th Avenue in Brooklyn, within the 8th Avenue commercial district. The location is described as part of a Chinese community.
Key Highlights
- 800‑square‑foot finished basement
- More than 8 years remaining on the lease
- R6 zoning
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
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
Frequently Asked Questions
What type of property is this?
Retail space - The existing retail premises include additional finished space below grade and a lease with more than eight years remaining.
Where is this retail space located?
The property is located at 5723 8th Avenue 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: 800‑square‑foot finished basement; More than 8 years remaining on the lease; R6 zoning
