The Real Deal, one of the main resources for New York City real estate, has put together a list of some of the hardest hit areas by Hurricane Sandy in regard to property damage.
Red Hook, BrooklynAccording to Red Hook Initiative, a housing group in Brooklyn, the damage to the neighborhood could surpass $50 million dollars.
"Roughly 300,000-square-feet of property — including at least 50 businesses — in this industrial-waterfront-area-turned-hipster-hub was damaged in the storm, according to Greg O’Connell, one of the area’s largest landlords."
Lower Manhattan
Red Hook, BrooklynAccording to Red Hook Initiative, a housing group in Brooklyn, the damage to the neighborhood could surpass $50 million dollars.
"Roughly 300,000-square-feet of property — including at least 50 businesses — in this industrial-waterfront-area-turned-hipster-hub was damaged in the storm, according to Greg O’Connell, one of the area’s largest landlords."
Lower Manhattan
"Of the 183 Class A and Class B office buildings in Lower Manhattan, 49 were closed for at least a week following the storm, and 25 remained closed as of Nov. 21, according to brokerage Jones Lang LaSalle. The area also saw damage to some of its residential buildings, including 2 Gold Street and 88 Greenwich Street —which may not be inhabitable for months."
Rockaways, Queens
In this particular area, over 100 houses were destroyed due to a fire that was caused by Hurricane Sandy.
Additionally, in other parts of the Rockaways, such as Belle Harbor and Rockaway Park, nearly every home was impacted, Lisa Jackson, of local brokerage Rockaway Properties, told The Real Deal.
Staten Island
About 14,000 homes were destroyed or damaged due to Hurricane Sandy and there were close to two dozen deaths.
"A preliminary inspection by the city about a week after the storm found that 87 homes were completely uninhabitable and at least 227 were badly damaged but livable. Those numbers are expected to rise. As of mid-November, 16,714 Island residents had applied for FEMA aid, and more than $53 million in aid had been dispensed."
