Empire Stores

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  • 53-83 Water St Brooklyn New York 11201 United States
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1REC's Take
Pros

✔ Historic architecture ✔ Mixed-use development ✔ Scenic views

Cons

✘ High rent prices ✘ Limited parking ✘ Can be touristy

Shopper Profile

✦ Trendy Crowd: Young professionals and creatives ✦ Tourists: Exploring historic waterfront ✦ Preferences: Boutique shopping, dining, cultural events

Successful Retail Uses:
Boutique Shops, Dining, Cultural Venues
About Location
Empire Stores in DUMBO, Brooklyn, NY, is a historic warehouse complex converted into a mixed-use space with high-end retail shops, dining, and office spaces. It offers stunning waterfront views and attracts affluent shoppers and tourists. Rents are high, managed by corporate landlords.
Household Income in Trade Area: 105,000
Retail Sales in Trade Area: $900 million
Population in Trade Area: 120,000
Occupancy
Tenant Sales per Square Foot: $600
Occupancy Rate: 92%
Anchor Tenants: Anthropologie, West Elm, Time Out Market
Tenant Rent/Sales Ratio (%): 11%
Rent $ / Visitor (relative cost of the foot traffic): $28.00
Other Notes: Data sourced from public and private records.
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Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
10-12
Landmarks Risk
High
Union Labor Disharmony Likelihood
High
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General Contractor: O'Leary Group

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Primary Landlord: Mall
Retail Type: Mixed Use
Address: 53-83 Water St
Brooklyn
New York
11201
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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