Why Wealthy New Yorkers Are Quietly Flocking to NJ's Gold Coast

What do New York City real-estate titans Joseph Cayre and Joseph Sitt have in common with reality TV star Mike “The Situation” Sorrentino?

A deep love for the Jersey Shore — though Cayre and Sitt’s version involves oceanfront Deal estates instead of Seaside Heights party pads.

Deal, New Jersey — an ultra-exclusive, 1.2-square-mile coastal borough that is known for golden beaches and coastal charm — is the northern shore’s most expensive ZIP code, with a median listing price of $5.49 million in June, the Wall Street Journal reported referencing Realtor.com data. That was up a whopping 57% year-over-year.