2019 Annual Foreclosure Report: NYC Foreclosures Dip 6% Y-o-Y, Manhattan Cases Surge 39%
Key Takeaways: Foreclosure activity increased in just one borough, with Manhattan surging 39%. Y-o-Y NYC foreclosures dipped 6%, while pre-foreclosures slid 7%. Bronx undergoes steepest drop in first-time foreclosures – down 21% Y-o-Y. Queens logs most foreclosures with 1,164 unique cases. Staten Island foreclosures remain relatively flat, yet still 313% above 2014 levels. Brooklyn’s 11236…
Site of a 32-Story Residential Development Site in Manhattan to be Auctioned Tommorow
The site of a 32-story residential tower on the Upper East Side is scheduled for auction tomorrow, August 5th, in one of the largest non-mortgage foreclosure auctions in years. The lien amount is $9,677,028. The property, a former garage located at 1113 York Avenue was designed to host 173 rental units in a 32-story structure,…
Top NYC properties scheduled for auction in Q2 2010 and their outcome
1,380 properties were scheduled for auction in the five boroughs of New York City in the second quarter of 2010 for a total lien amount exceeding $1.2 billion. We have taken a look at the properties with the highest lien amounts foreclosed upon in the past quarter and discovered how they fared at auction. 1….
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