Keansburg Is a Bargain Beach Town but Not for Long

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keansburg new jersey beach real estate
Keansburg Beach with NYC skyline in the distance

Nicknamed the “Gem of the Bayshore,” Keansburg, New Jersey, is a beachside borough in Monmouth County less than 50 miles from New York City. Keansburg was battered by Superstorm Sandy in 2012, and it is still recovering, but great progress has been made as well, attracting events and investments that match the commitment of Keansburg’s earnest residents. Home to the oldest amusement park in the state and two miles of beach with views of the Manhattan skyline, Keansburg has a small town feel and big-time potential.

Originally the home of Lenni Lenape Indians, the area was settled by Europeans in the 17th and 18th Century and what is now Keansburg became a farming and clamming community called Granville–a nod to the grain industry. In 1884, a local pastor petitioned for a post office to be built in Granville and sent a list of 132 names to John Kean of Elizabeth, a candidate for Congress. The new post office was approved and the petitioning pastor’s wife became Granville’s first postmaster. And the borough was renamed Keansburg in honor of John Kean.

keansburg historical museum
Keansburg Historical Museum

Officially formed as a borough in March 1917, Keansburg is celebrating its centennial this year as well as experiencing a real renaissance. Gratitude Migration, a three-day festival on the beach, returned this summer for the third year in a row, bringing city-dwellers from Manhattan and Brooklyn to the Raritan Bay coastline for the weekend just as steamships did at the beginning of the last century.

gratitude migration 2017 keansburg nj
Gratitude Migration 2017

William Gelhaus was a major investor in Keansburg, building the Keansburg Amusement Park in 1904 and primarily founding The Keansburg Steamboat Company in 1910, offering roundtrip service from Battery Park to Keansburg for 50 cents–$12.45 today.

keansburg nj real estateNow, Keansburg is easily accessible by New Jersey Transit trains and buses as well as Academy bus lines and a New York Waterway Ferry from New York City that stops at nearby Belford. Mr. Cliff Moore, an extremely active resident who is not only a local restaurant owner but also an Economic Community Development Coordinator and the founder of the Keansburg Business Alliance, admits Keansburg was down and out even before Sandy.

keansburg boardwalk jersey shore
Empty storefronts along Carr Avenue

“The municipality has come a long way since Sandy but still has a long way to go,” said Mr. Moore. “The landscape of empty homes, businesses, and commercial buildings creates a great opportunity for investors, home buyers, and businesses. There have been over 15 new businesses that took the opportunity and opened in Keansburg since Sandy.”

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Cove on the Bay rental development under construction

Over $65 million in construction is currently underway and another $25 million is planned or on the drawing board, according to Mr. Moore. Among the new developments is Cove on the Bay, 184 luxury rentals and 10,000 square feet of retail, and Pier 260–a three-story restaurant with a rooftop bar and view of the City skyline.

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Runaway Rapids Waterpark

A condominium project offering over 200 residences is undergoing approval and Keansburg will also soon be home to the brand new Raritan Bay Brewery, opening this fall in a one- hundred-year-old building. “A new state-of-the-art police department is under construction as well as several new homes and improvement projects. Keansburg just built and opened a new school last year and is evolving into a year-round community,” said Mr. Moore. A new Recreation Department was also formed and planned over 50 beach events this year, including a Farmers’ Market, free movies, yoga, and free concerts.

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Low rent storefront on Carr Avenue

Everyone in Keansburg from the local volunteers to elected officials is participating in the rebirth of the town, but the rebuilt beach, below market real estate rates, available tax abatements, and proximity to New York City, not to mention views of Manhattan from the beach, speak for Keansburg and its unlimited potential. “In the next two to three years,” said Mr. Moore, “many people will be scratching their heads, asking themselves how did they pass up the opportunities Keansburg is currently offering.”

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