THE SCOOP: While the village of Cedarhurst is well known for its vibrant shopping district, its park, Andrew J. Parise, named for its longtime mayor, has become something of a community centerpiece.
"When I started as a trustee in 1971, there was a Little League field and a flagpole," says Parise, mayor since 1995. Over the years, with the help of thePeninsula Section of the National Council of Jewish Women, the park expanded to offer playgrounds, sports fields, memorials and restrooms. A water park and rock climbing walls were recently added, and soon there will be swing sets. "It's been my pet project," Parise says. And summer concerts are held on Tuesdays at the gazebo.
As for the commercial district, about 283 stores span a four-block radius. The vacancy rate of 3.9 percent.
The housing market is vibrant, too, says Don Miller, owner-broker of Five Towns Miller Realty. "It's a great place to live," Miller says, citing comparatively low taxes and proximity to Manhattan. The area, which also houses synagogues and kosher restaurants, largely attracts Orthodox Jews, Miller notes.
Many of the older homes are being torn down to make way for grander spaces. Houses up to 6,000 square feet start north of $1.1 million. "Right now, there are five brand-new homes priced over $1 million in contract . . . The prices are unprecedented," Miller says.
Almost all homes damaged by Sandy have been restored, Miller says, noting the flood zone, south of Peninsula Boulevard but north of West Broadway, is an irregular line. Miller says that houses close to the train station have become more desirable since Sandy because they sit on higher ground.
CONDOS AND CO-OPS: 12 listed between $139,000 and $299,500
SALES PRICE: From May 1, 2013, to June 10, 2014, there were 52 sales with a median price of $512,500, according to Multiple Listing Service of Long Island data. The low price was $182,000 for a fixer-upper and a high of $1.150 million. From May 1, 2012, to June 10, 2013, there were 42 sales. The median price was $517,750 with a low of $250,000 for a fixer-upper and a high of $980,600.
MORE CEDARHURST STATS
Area: 0.7 square mile
ZIP code: 11516
Median age: 37.8
Median household income: $77,783
Median home value: $437,500*
LIRR time to NYC: 44 minutes to 52 minutes at peak
Monthly ticket: $242
School district: Lawrence
SOURCES: 2010 Census; mlslI.com; LIRR;
*Based on sales in the past six months, according to MLSLI