Deal, NJ – A map assembled from local records shows that a small number of prominent Brooklyn-based Syrian Jewish families have amassed close to a monopoly on oceanfront properties in the tiny seaside hamlet of Deal, NJ—with many having erected massive family compounds sprawling over acres of picturesque New Jersey coastline.
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THEREAJDEAL.com (http://bit.ly/1IWLa4N) reports that after sifting through local records, data reveals that a dozen or so wealthy “SY” community families own about one-third of Deal’s 952 properties.
Records show that many of these Sephardic Jewish families—most of whom were prominent players in the retail and garment industries—began buying up oceanfront property back in the ’60s and ’70s based on low taxes, privacy, and an existing synagogue.
Among the more prominent names on Deal’s oceanfront ledger are Wharton Properties’ Jeff Sutton; Joe Sitt, CEO of Thor Equities and founder of the Ashley Stewart clothing chain; and Midtown Equities head Joseph Cayre.
And the problem with that is…?
And this is important to know because _______________? Perhaps you should also report on the Chinese and Russian billionaires buying up prime Manhattan properties? I wish the Syrian Jews great hatzlacha in all their business and Torah endeavors. Their communities suffered greatly in the last 100 years. And I’m not Syrian or Sefardi.
B”h. It’s nice to hear how their investments paid off. May they continue to have bracha in their parnossah.
hakino mavir hodm min hoalom
Must been a slow news day. Now that I have this information what pray tell am I supposed to do with it? G-d bless them all. Kain yirbu,
What’s wrong with them owning some property? I assure you there’s plenty of more informative news in the world then to start a jealousy war within our community’s.
Good for them.