Prior to its renaming in 1988, Buono Beach was called Penny Beach. Although its origin is unknown, the New York City Department of Parks and Recreation surmises that the beach was named for either the original name of Hylan Boulevard (Pennsylvania Avenue), or because of the idea that the beach was once a "Lovers' lane" where couples would toss coins into the harbor while making wishes.
The park was damaged by Superstorm Sandy. As of Oct, 2014 a large section of the park along Edgewater Street remains closed 
- New York City Parks Austen House and park