Brokers in hard-hit areas take pause

As residents cope without basics like electricity, the real estate market is ‘almost nonexistent’ in neighborhoods that were ground zero for the storm

From the December issue: For some residential real estate brokers, when Hurricane Sandy hit, the deals stopped. And they have not yet picked up. Indeed, while much of the city and surrounding area has gotten back to business as usual, there are a handful of communities where, of course, that is not the case. This month, as part of The Real Deal’s broader coverage of Sandy, we talked to brokers from three of those areas — the Rockaways in Queens, Staten Island and Hoboken in New Jersey — to see how they rode out the storm and how the hurricane has impacted their business in the last month. [more]

Sign Up for the undefined Newsletter