The Market Report

Dumbo Market Opened: December 18, 2025 Owner:  Mohammed Mujalli Previous Tenants:  CVS Cooperative:  Key Food Stores Location:  1223 2nd Ave, Manhattan, NY Photographed:  February 18, 2026 Welcome to the Upper East Side, where a 12,000 square foot former CVS has reopened as the latest Dumbo Market. This store opened only about a month after the new-build Long Island City location , and while it's pretty similar, it's slightly smaller and a little less upscale. That one, for instance, has a dedicated bakery department, a seafood counter, and a small seating area, none of which this store has. Still, it's an attractive, sleek, and stylish new supermarket. You enter on the left side of the store to the produce department in the first aisle, with service deli and a sushi counter at the back. Frozen foods line the back wall, with meat and dairy in the last aisle on the right side and beer in the front-right corner. You can see that the produce department has a simil...

Dumbo Market Opened: November 7, 2025 Owner:  Mohammed Mujalli Previous Tenants:  none Cooperative:  Key Food Stores Location:  2-57 50th Ave, Long Island City, NY Photographed:  November 12, 2025 Welcome to Long Island City's newest supermarket! This 13,000 square foot Dumbo Market opened earlier this month in a newly-built mixed-use development in the booming neighborhood. It's the third Dumbo Market location in New York City, joining two Brooklyn locations in Dumbo and Boerum Hill, although the owners also own Urban Market stores in New York City and Hoboken . See the store in progress here . As I mention on that post, it was initially reported that this store would replace the older Urban Market location diagonally across the street, which is owned by the same family, but both stores seem to be fully functional and here to stay, at least for now. (It's always possible the Urban Market will wind down its operations over time.) But this Dumbo Market is a bra...

Dumbo Market Opening: TBA Owner:  Mohammed Mujalli Previous Tenants:  none Cooperative:  Key Food Stores Location:  49-20 5th St, Long Island City, NY Photographed:  July 15, 2025 Development in Long Island City is booming . And with lots of new residents comes the need for new businesses, including supermarkets. At the corner of 5th Street and 49th Avenue, a new mixed-use building under construction is preparing to have a new supermarket on the ground floor owned by Dumbo Market . Dumbo Market has a store each in Dumbo  (opened 2019) and Cobble Hill  (opened 2022), and also owns Urban Market locations in Hoboken  (opened 2025), Park Slope  (opened 2022), and here in Long Island City. The existing LIC Urban Market is just 8000 square feet, and the new space will be over 13,000. Per that LIC Post article, the store will move from its current location just around the corner into the new-build location once it's completed. No timeline has been ...