The Real Deal New York

Brokering after Sandy

A look back at the post-storm fallout in Manhattan, where rentals boomed and sales slowed
By Katherine Clarke | December 12, 2012 10:00AM

From the December issue: Hurricane Sandy — the worst storm to hit the Northeast U.S. in decades — sent Manhattan’s residential real estate brokers into a tailspin.

In addition to lost power, water and heat at home, brokers were inundated with calls and texts from clients seeking to be relocated in the wake of the storm. The disruption in Manhattan pales in comparison, of course, to the devastation in parts of Brooklyn, Queens and Staten Island, where tens of thousands of homes were destroyed or damaged.

But the storm’s effect on the Manhattan real estate market was dramatic nonetheless. [more]