Sweet. Get ready for Downbeach Summer 2023. Only a few months away. Really. Consider this Ventnor beach block beauty. Bright. Sunny. Big. 6 Bedrooms, 4.5 Bath. 104 S Avolyn. Ventnor, NJ. Short, 5-10 Minute Walk: Really nice. Great location. Generously-sized sunroom spans width of house with floor to ceiling windows. Second floor deck with an …
Northbeach resident Rich Gober is seriously concerned about proposed plans for Ventnor Plaza, the shopping center along Wellington Ave. Ventnor Commissioner / Planning Board member Lance Landgraf admits mistakes were made. Neighbors not properly notified. Some ask if a ‘re-notify’ is in order? Within 200 ft radius, only 11 of 33 neighbors were properly notified. …
Good news: It’s a Real Estate buyers market in Ventnor, Margate and Longport. Bad news: Buyers still in limited supply. Some home buyers priced out of market after mortgage rates doubled over past two years. Cash buyers waiting patiently on the sidelines. Ventnor Homes for Sale As of DEC 27, 2022: there are 71 homes …
It took some time, but we’re finally in a buyers market. Ventnor, Margate and Longport Real Estate. Watch latest Downbeach BIZ real estate webcast with Sherri Lilienfeld of EXP Realty. DEC 2022. Buy now. Less competition from other buyers. Mortgage interest rates have doubled over past 2 years, but Paul Zgalich of Guaranteed Rate suggests …
Downbeach Real Estate, Buyers Market Looking for Buyers. Read More »
Real Estate developer Bart Blatstein is a not your typical Philly guy with a summer home in Margate. Blatstein runs a privately held development company called Tower Investments Inc, well known for acquiring high-potential yet distressed Real Estate. (Often under challenging circumstances) The Pier at Caesars, Garden Pier in front of Ocean Casino and Showboat …
Margate’s Bart Blatstein Enters Battle for Bader Field in Atlantic City Read More »
New Jersey just passed a law that requires rental property owners to file a copy of their liability insurance. You must prove that you have hazard insurance. Fines for non-compliance can be up to $1,000. At the recent Margate Commissioners meeting they discussed who’s going to enforce that law? The state or the municipality? Listen …
Downbeach Homeowners Face Higher Insurance Costs and Elevations Read More »
Since the 1930’s, this US Post Office operated at 4 S. 27th Ave in Longport. Alas, time marches on. High-Demand For Residential Real Estate Along South Jersey Shore. The Longport Post Office lease is up July of 2023. Owners of the property are selling this super-premium parcel in Longport. Asking price is $2,650,000. According to …
Time to finally modify Margate City ordinance. For past 3 years, Margate consistently approved variance applications for 3rd floor decks which are currently not permitted. 3rd floor decks: Not in back yards, only in front. Certain design criteria must be met. Must face street. No side or rear yard decks. Must be substantially smaller than …
Margate 3rd Floor Decks, Rental Insurance Mandates, Higher Homes Read More »
A new, NJ state law was passed in August that requires all businesses and residential rental properties to provide proof of insurance to the municipality where they are located. The law goes into effect November 3, 2022. AN ACT requiring liability insurance for business owners and rental unit owners and supplementing Title 40A of the …
New NJ State Law Regarding Rental Properties & Businesses Read More »
Margate CFO Lisa McLaughlin: Employee health insurance rates… get ready for a substantial increase of over 20%. Why the price hike? According to McLaughlin, it’s all due to mounting health insurance claims that Margate employees are submitting. The majority of (health insurance) carriers have declined to quote on us because of our loss ratio. Margate …
Margate Flood & Public Employee Health Insurance Costs to Skyrocket Read More »
After years of semi-neglect, Ventnor Plaza has a new owner. A new lease on life too. According to the Press of Atlantic City, the 15 acre retail parcel on Wellington Ave in Ventnor was sold this past June. A group of investors lead by Real Estate developer and Ventnor resident Mark Greco acquired the property …
Ventnor Developer Has Big Plans for Wellington Ave Shopping Plaza Read More »
Building homes for maximum profit and ease of sale is not a concern of the board. So says Margate Planning Board Chairman, Rich Patterson. Making more money faster, is not a reason for requesting a variance. Issue at hand: Developer in process of converting 19, one bedroom units into 6 townhomes. Owner recently decides they …
Margate Planning Board Says NO to 9711 Atlantic Ave Sub-Division Read More »
Are banks and mortgage underwriters feeling different about condo high-rises along the shore? Yes, says Paul Zgalich from Guaranteed Rate. He’s the Senior Vice President of Mortgage Lending. Last year in Florida where a high-rise condo collapsed, they determined that one of the likely causes was deferred maintenance. That’s why as lenders, we verify: Jersey …
How Mortgage Rates & Insurance Affect Jersey Shore High-Rise Condos Read More »
Ventnor officials got an earful about short-term rentals on Thursday, Sept 22. In order to reduce ‘party houses’, should there be a 2, 3 or 7 day minimum? Currently, Ventnor has no minimum rental stay. Margate has a 7 day minimum. LISTEN TO PUBLIC COMMENT: Noise, traffic, parking, trash. Too many people coming in and …
