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

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.
Trade Area Summary

Basic Demographics

Median Household Income: $86,520
Consumer Expenditure: $33,155,070,490
Population: 976,837
Daytime Population: 1,214,797
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: A – Ultra Wealthy Families (66%)
Segment #2: G – Educated Urbanites (34%)
Segment #3: J – Sunset Boomers (0%)
All Other Segments: 0%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

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: $28.00
Source Notes: Data sourced from public and private records.
Availabilities
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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Licensed Architect: Be Featured! Contact Us

Store Designer: Be Featured! Contact Us

Real Estate Attorney: Be Featured! Contact Us

General Contractor: O'Leary Group

Recommended Vendors' Links 🔗

Local Broker: Be Featured! Contact Us

Building Surveyor: Be Featured! Contact Us

Permit Expeditor: Be Featured! Contact Us

Licensed Architect: Be Featured! Contact Us

Store Designer: Be Featured! Contact Us

Real Estate Attorney: Be Featured! Contact Us

General Contractor: O'Leary Group

Experienced Vendors
Empire Stores
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 53-83 Water St
Brooklyn
New York
11201
United States
Place Tags: Mall
Website
Retail Type: Mixed Use

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