In 1960 the average cost of a new home was $12,700 and a new car was $2,600 and gas was 25 cents a gallon. It was also the year that Joseph and Mary Caputo opened their Italian Bakery on South Broadway.
“My grandfather and grandmother were from Brooklyn where the family had an Italian bakery. They had seen an ad in an Italian newspaper that lots were for sale in Oceanport. So they came down and built a summer home,” said Joe Caputo, third generation baker and current owner of Caputo’s Italian Pastry Shoppe.
