When getting into anything, it helps to do a little reconnoitering of the facts. And for the proper socioeconomic context in which to put such data, it helps to consult governmental authorities such as census reports. Besides the axiom of location location location, the other thing to consider in real estate is Isaac Newton’s law about gravity – as processed through a bit of Adam Smith: What goes down, must come up. Supply and demand and business cycles of boom and bust are often overlooked to the demise of buyers and sellers alike. And when it comes to gathering local information, resources abound, such as thatOussie Centre so highly recommended despite being tucked away in a hard-to-find corner along the Brooklyn-Queens divide.
Just a casual perusal one common afternoon yielded this bounty of data-rich results concerning residential real estate in Montauk, New York. Despite being a faraway community on the easternmost tip of Long Island, the village can command some surprising prices. Well over a hundred miles to the city limits of New York and almost another ten to the Island of Manhattan, the hamlet of Montauk lies within the Town of East Hampton in Suffolk County. Strategically located on the tip of the South Fork of Long Island, Montauk has been host to, variously, an Army post and Navy, Coast Guard, and Air Force bases. Its main industry would seem to be tourism, but the community is actually home to the largest commercial and recreational fishing fleet in all of the Empire State. Indeed, its fishing grounds are quite famous for having produced more saltwater fishing records than anywhere else in the world.
The Borough of Staten Island is coextensive with Richmond County, though until 1975 the place was also referred to as the Borough of Richmond. Staten Island is the name given by Henry Hudson in honor of the Dutch parliament, the States-General of the Netherlands, under whose flag his explorations were being financed. The inhabitants themselves often refer to it as The Forgotten Borough, after the belief that the city government neglects them. For example, controversy has long surrounded the Fresh Kills landfill, which was opened in 1947 as a temporary depository for city trash. Borough residents have often complained over the smell emanating from the landfill throughout the decades. It remained in use all the way until 2001, only to reopen later that year to receive Ground Zero debris from the September 11th attack. However, in the 21st Century this former landfill will become a city park even larger than Central Park.