Hurricane Sandy was not kind to the Rockaways, but it did lower housing prices by about 30 percent, which means New Yorkers from other parts of the city are flocking to the Rockaways for real estate. Cafe owner Sean Meenan, whose Cafe Habana and Habana Outpost are located in Soho and Fort Greene, just paid $500,000 in cash for an 1,800-square-foot summer home?less than half of what it might have sold for before the storm. These buyers insist they want to participate in the Rockaways' rebuilding, not just get property on the cheap. [NYP; previously]
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