Add The New York Post on Google What do New York City real-estate titans Joseph Cayre and Joseph Sitt have in common with reality TV star Mike “The Situation” Sorrentino?
A deep love for the Jersey Shore — though Cayre and Sitt’s version involves oceanfront Deal estates instead of Seaside Heights party pads.
Deal, New Jersey — an ultra-exclusive, 1.2-square-mile coastal borough that is known for golden beaches and coastal charm — is the northern shore’s most expensive ZIP code, with a median listing price of $5.49 million in June, the Wall Street Journal reported referencing Realtor.com data. That was up a whopping 57% year-over-year.
The market is tight, with only nine active listings in June, down 10% year-over-year, per Realtor.com.
A 3,856-square-foot home at 160 Ocean Ave. is on the market for just under $13 million. The house has eight bedrooms and seven bathrooms. A 4,904-square-foot single-family house is on the market at 48 Neptune Ave. for $7.8 million. It has nine bedrooms and six bathrooms.
Beba Realty’s Barbara Gheriani, who’s listing 48 Neptune Ave., noted that oftentime Deal homes are “quietly listed.”
Sixty miles south of Manhattan, Deal is deeply defined by its close-knit Syrian Jewish community. Indeed, roughly one-third of all Deal property is tied to a small group of New York City real estate families, predominantly of Syrian Sephardic heritage, according to a web post by broker Anthony Licciardello from Prodigy Real Estate.
Deal has a whole host of recreational clubs including the Deal Casino Beach Club, the Conover Pavilion, the Deal Country Club and the Hollywood Golf Club. The Deal Sephardic Network Community Center serves as a hub for the area’s Syrian Jewish community.
A popular summer destination for New Yorkers and New York financiers who reside in Rumson, New Jersey, Deal boasts 900 year-round residents and 6,000-plus summer residents, Licciardello wrote.
New high-speed Seastreak ferry service makes getting from Manhattan directly to the Jersey Shore even easier.
