NY Times: Long Beach Comes Back After Hurricane Sandy [New Building next to the Allegria?]

NY Times: Long Beach Comes Back After Hurricane Sandy

Interesting quotes from the article:

“Work is expected to start this summer on a deluxe condominium on the boardwalk, next to the upscale Allegria Hotel. Plans by the developer, theEngel Burman Group, call for 10 full-floor units with three bedrooms and a den, with prices starting at $2.5 million.

“Damaged bungalows are being lifted and rebuilt, and in some cases being sold to young families and empty nesters from Manhattan and Brooklyn, according to Alex Rubin, an associate broker with Douglas Elliman.”

“The progress that has been made has enticed buyers like Win and Liz Goldman, who sold their home in Huntington, N.Y., in March for $750,000 and paid $665,000 for a two-bedroom two-bath townhouse here, across from the beach. Mr. Goldman called the boardwalk “a gathering place” akin to Central Park. He added, “I chose Long Beach partly for its proximity to the water but also for its vibrant community.”

 

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14 thoughts on “NY Times: Long Beach Comes Back After Hurricane Sandy [New Building next to the Allegria?]”

  1. Unfortunately there are many residents from LB & all across the South Shore who are still homeless with a mortgage since Sandy,despite having flood insurance.They are struggling to pay rent, while also paying their mortgage and property taxes on houses that are uninhabitable.The reason- our federal government intentionally denied claims for structural damage by sending our Engineers to write reports stating that our damage was pre-existing! Where is the Congressional hearing our Senators promised on 60 Minutes last month?? .Check out Sandy victims fighting FEMA on fb to learn more

  2. Nice real estate puff piece but sandy is NOT over and thousands remain homeless with no way back and now developers want the big money with buildings like this.

    Oh and be sure to get flood ins on your condo because nobody is paying you she the heat and power are out and the buildings systems need to be rebuilt. If you think you are better off because it’s a big building think again !!

  3. I don’t know…

    No where in the article does it mention increasing taxes and fees, pending lawsuits against the city, crime, etc.

    Is lb back? I don’t know. Its questions like these that stop me from buying in LB. Maybe my thinking is off.

  4. Seriously, still such a unresolved sad situation for many…this is where being a true American really hurts …purchase the American dream, natural disaster occurs , people do the correct thing and purchase home owners and flood insurance and yet no company held accountable to pay amount to put a house back up and the government HA makes the process, unbearable, threatening and no one still can connect the dots to come up with future guidelines or answers to continue to live there dream! Sad ….really sad !

  5. what a shame, when so many people are still homeless, or fighting for money that should have been paid out 2 years ago! So many people are still living in the nightmare that Sandy created! Help people get home first, then build up the area.

  6. There is a quiet exodus going on of long time LB residents who are in the know about the direction of the City – just drive around town and see how many for sale signs there are on houses, and add to that how many homes are just flat out abandoned. It’s been steadily going on since Sandy. As as the flood insurance rate increases run their course, the problem is only going to get worse. This story is all politics, nothing more. Didn’t SBTC have an article a while back about some long term LB developers/landlords who are selling out? If they were selling 2.5M condos here like they are in Miami, believe me no one would be pulling out. You’d have construction crews knocking down every abandoned/Sandy destroyed home to build luxury houses on them – see that happening? No way.

  7. Each of the 7 previous comments correctly points out that the impact of Sandy remains for too many households. Each of us still feels very sad that some of our neighbors are homeless, and too many are battling NY Rising and insurance companies.

    Yet, it’s unfortunate that not one person has recognized that the a Times is correct: that Long Beach IS making a comeback. The article didn’t say that we’re back, but that progress is being made.

    So many homes have already been repaired and upgraded. Once construction has been completed Long Beach will look and be better than in decades.

    And we shouldn’t deny the actual or planned progress cited in the article: our boardwalk, new trees, new two-story homes, a bulkhead on the channel, average home prices up, new emergency room etc.

    I’m not minimizing the pain that some still feel, or understating the problems which remain, but one integral part of the recovery that is still missing for some is that we are making a comeback. We need to fix the problems. But, we also need to celebrate the successes.

  8. While I feel bad for people who did not raise their home, I don’t see LB going the way of Baldwin. There are very few places in America where a middle class person can buy a home minutes from a beach and less than an hour from a major city. As long as there are jobs in the city and sand on the beach, people will want to live in LB.

    In regards to the people who didn’t raise, they’ll most likely leave eventually due to the cost of flood insurance. But, someone will buy their home for the land, knock it down, and build a fema compliant home. Afterwards, their flood insurance will be a few hundred dollars a year.

    I’ve been fixing my home for the last 2 1/2 years. I’ve raised it and although a worse storm is possible, it’s exceedingly unlikely. Even if it does, I’ll get paid by the flood insurance.

    While there are a lot of empty houses out there, I see new construction or elevated homes on every block. Sandy wasn’t Chernobyl. Water can’t fly. Build high enough and you’ll be fine.

  9. trco, When you say people will eventually leave, what kind of loss will they be forced to take by whomever purchases their property and who do you think will be willing to buy it? Are developers still hot on non-waterfront LB properties? I see multiple fema houses listed for $700K+, for some of them this will be their 3rd summer on the market. Are these prices realistic or are the owners just being overly hopeful. Boardwalk and bayfront houses are a different market, what is the selling (not listed) price of a fema house in the west end? or Westholme? or The Canals?

    And how long will it take for the current owners to sell the property and the new owner to rebuild it (and what are business owners to do in that time)? While some indicators point to a rebound, what does the future hold and when will it get here?

  10. Schnirman and Tepper keep pumping out their bullsh*t pr and get all this crap on tv and in the newspapers to paint this rosy picture of lb. This place sucks. The real estate prices keep skyrocketing and outsiders are moving here in droves. They are driving out all of us longtime residents and replacing our bungalows with 3 story towers that que*r democrats from Brooklyn are moving into and pussifying long beach. F*ck the democrats and their liberal New York Times rag.

  11. What this town rely needs is A luxury rental building with reasonae prices , not like the Avalons rental prices, but rentals in the high $2,000.00’s to low $3,000,00’s.

  12. @captian obvious- those new FEMA compliant homes are starting to move generally in the 6-700k range. Lowest I saw $575. Look on MLS at sold home prices. Before storm they were selling for around 650 but not so many on market and buildable lots were costing more. I think a good predictor will be what price the State owned homes are auctioned off for.

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