I do a lot of work in the "Far Rockaway Area" (Bayswater, Edgemere, Arverne & Far Rockaway proper). I worked in the foreclosure market for a few years, and the buyers and sellers are out there! Dont be afraid of Far Rockaway!!! I have some great deals on single and multi family homes, and the need is there! Superstorm Sandy wasn't the norm (like hurricanes in Florida during season). If the house has a high elevation you may not even need Flood Insurance.
You need an experienced professional, in all facets of life, to work with you, whether selling or buying, and especially someone who is familiar with the area.