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New Jersey - Records Show Brooklyn-Based "SY" Community Has Near Monopoly On Oceanfront Property In Deal, NJ

Published on: August 9, 2015 11:13 AM
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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.


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.

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Read Comments (9)  —  Post Yours »


 Aug 09, 2015 at 11:32 AM justincase Says:

And the problem with that is...?


 Aug 09, 2015 at 11:59 AM SandmanNY Says:

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.


 Aug 09, 2015 at 12:40 PM shvigger Says:

B"h. It's nice to hear how their investments paid off. May they continue to have bracha in their parnossah.


 Aug 09, 2015 at 01:39 PM RavsDaughter Says:

hakino mavir hodm min hoalom


 Aug 09, 2015 at 02:10 PM Pragmatist Says:

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,


 Aug 09, 2015 at 02:12 PM simplythetruth Says:

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.


 Aug 09, 2015 at 09:20 PM PaulinSaudi Says:

Good for them.


 Aug 09, 2015 at 11:32 PM What-- Says:

Reply to #1  
justincase Says:

And the problem with that is...?

I'm not sure if you were being sarcastic or not. Besides for deriding some great men, you were מוציא שם רע as well. Some of these great men were completely exonerated. THAT was not published in the Asbury Park Press. Elul is quickly approaching and you know what it says about being מבזה תלמידי חכמים. Well... I hope you do...


 Aug 10, 2015 at 11:44 AM bubii Says:

Reply to #1  
justincase Says:

And the problem with that is...?

The problem with that is in your head,shoyte how do you deduce from this piece that its a problem, you must be a super pessimist.


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