News

Belmar Realtor Confident About Summer Rentals Following Sandy

Frank Sementa, owner of the popular D'Jais, stands on the second story of the boarded-up nightclub in Belmar, New Jersey following supestorm Sandy, while a clean-up truck is parked on the beach - Oct. 30, 2012 (credit: Michael Loccisano/Getty Images)

Frank Sementa, owner of the popular D’Jais, stands on the second story of the boarded-up nightclub in Belmar, New Jersey following supestorm Sandy, while a clean-up truck is parked on the beach – Oct. 30, 2012 (credit: Michael Loccisano/Getty Images)

TRI-STATE NEWS HEADLINES

From our newsroom to your inbox weekday mornings at 9AM.
Sign Up
Superstorm Sandy

BELMAR, N.J. (CBSNewYork) - Despite the damage from superstorm Sandy, there is optimism in at least one Jersey Shore community that the summer rental season will remain strong.

WCBS 880’s Peter Haskell On The Story

There was significant flooding in Belmar, but realtor Paulette Young says it was mostly in areas with few summer rentals.

“The streets that these kids want to be on – sand. That was about it,” she said.

That’s why she insists that inventory is pretty much the same and she’s been busy, having already made about 30 deals.

“These kids are making appointments to come down and look and if they’re savvy enough, they’re bringing their checkbooks with them to secure the house so they don’t lose it,” she told WCBS 880’s Peter Haskell.

Rents are averaging $20,000 to $25,000 for the summer.

“Same prices. No decrease and no increase,” she said.

Borough officials claim the boardwalk will be rebuilt by May 1.