PropertyShark BlogCenter » NYC Foreclosures http://www.propertyshark.com/Real-Estate-Reports Market Reports for Real Estate Writers Fri, 10 Feb 2012 15:43:19 +0000 en hourly 1 http://wordpress.org/?v=3.1 New York City Foreclosures down 16% in January 2012 http://www.propertyshark.com/Real-Estate-Reports/2012/02/09/new-york-city-foreclosures-down-16-in-january-2012/ http://www.propertyshark.com/Real-Estate-Reports/2012/02/09/new-york-city-foreclosures-down-16-in-january-2012/#comments Thu, 09 Feb 2012 13:14:57 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=7160 After the spike in the previous month when the number of NYC first-time foreclosures reached a 6-month high, January 2012 (89) saw them decrease once again: down 15% from December 2011 (105) and down 16% from January 2011 (106).

In contrast to the overall decrease in New York City, the number of co-op foreclosures continues to grow for the fourth consecutive month, comprising over 60% of the total number of first-time foreclosures.

NYC New Foreclosures January 2012

In January 2012 NYC (all boroughs) had 688 properties with a lis pendens filed against them. This is 29% less than in January 2011 (971), and 5% less than in December 2011 (725).

Lis Pendens January 2012

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]]> http://www.propertyshark.com/Real-Estate-Reports/2012/02/09/new-york-city-foreclosures-down-16-in-january-2012/feed/ 0 NYC Top Foreclosed Apartments by Lien Amount in 2011 http://www.propertyshark.com/Real-Estate-Reports/2011/10/28/nyc-foreclosed-apartments-in-2011/ http://www.propertyshark.com/Real-Estate-Reports/2011/10/28/nyc-foreclosed-apartments-in-2011/#comments Fri, 28 Oct 2011 11:57:20 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=6452

NYC All Foreclosures by Building Type

There were a total of 1,602 residential properties scheduled for auction in the first three quarters of 2011, 65% down from the same period in 2010. Among the analyzed property types, the number of apartments (co-op and condo units) comprised 52% of the foreclosures, while two-family dwellings accounted for 26% and the single-family residences for 22%.

Since the number of apartments in foreclosures represented the biggest percentage, we took a look at the properties with the highest lien amount in all five boroughs and put together a top 10 list .

From left to right: 40 Bond Street #TH4, 17 West 64th Street #PHA (source: Halstead Property) and 528 La Guardia Place #4

40 Bond Street #TH4
At the top of the list we find the 3-bedrooms unit located at 40 Bond Street that was scheduled for foreclosure auction on September 21, with a lien amount of $6,868,664. The property is currently on the market, with an asking price of $7,500,000. The last sale recorded in 2008, when the unit was bought for $7,425,000 by an LLC.

17 West 64 Street #PTH A & #PTH B
In second place is the penthouse (units A and B) located at 17 West 64th Street. The place was scheduled for auction with a lien amount of $2,500,000. This penthouse is also listed for sale, with an asking price of $3,600,000, according to Halstead Property.

528 La Guardia Place #4
In third position is this West Village 3-bedrooms unit. The property had a lien amount of $1,679,823 and our records show that it was recently sold (July 6th) for $3,611,000, after a first asking price of $3,750,000 in April 2010.

Below is the complete list of the top 10 apartments with the highest lien amounts so far in 2011.

NYC top 10 apartments with the highest lien amount in 2011
Address Auction Date Lien Amount
40 Bond Street #TH4 21-Sep-11 $6,868,664
17 West 64th Street #PHA 14-Feb-11 $2,500,000
528 La Guardia Place #4 6-Apr-11 $1,679,823
608 West End Avenue #1D 29-Jun-11 $1,500,000
329 West 108th Street #1B 11-Aug-11 $1,230,843
875 5th Avenue #2D 7-Sep-11 $1,174,624
3 Great Jones Street #2NDF 24-Jan-11 $1,000,000
401 East 89th Street #8G 16-Mar-11 $1,000,000
136 East 63th Street #4C 7-Sep-11 $970,243
441 Central Park W #19F 3-Feb-11 $867,175

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]]> http://www.propertyshark.com/Real-Estate-Reports/2011/10/28/nyc-foreclosed-apartments-in-2011/feed/ 0 NYC new scheduled foreclosures continue to drop in August 2011 http://www.propertyshark.com/Real-Estate-Reports/2011/09/14/nyc-new-scheduled-foreclosures-continue-to-drop-in-august-2011/ http://www.propertyshark.com/Real-Estate-Reports/2011/09/14/nyc-new-scheduled-foreclosures-continue-to-drop-in-august-2011/#comments Wed, 14 Sep 2011 11:53:42 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=6109 In August 2011 there were only 69 properties scheduled for foreclosure auction for the first time, down 70% from the same month in 2010 (228). The total number of new scheduled foreclosure auctions in New York City (all boroughs) also registered a decrease of 7% compared to the previous month of the current year (74).

When comparing with the figures from August 2010, the most significant decrease can be noticed in Staten Island (87%) with only 5 newly scheduled auctions, followed closely by Queens (83%) with 23 properties.

Scheduled auctions for single-family homes recorded the biggest change, dropping 89% compared to August 2010, from 88 to 10 properties.

NYC new scheduled foreclosure auctions August 2011

Browse current individual NYC foreclosures.

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]]> http://www.propertyshark.com/Real-Estate-Reports/2011/09/14/nyc-new-scheduled-foreclosures-continue-to-drop-in-august-2011/feed/ 0 New York City foreclosures drop 65% in April 2011 http://www.propertyshark.com/Real-Estate-Reports/2011/05/09/new-york-city-foreclosures-drop-65-in-april-2011/ http://www.propertyshark.com/Real-Estate-Reports/2011/05/09/new-york-city-foreclosures-drop-65-in-april-2011/#comments Mon, 09 May 2011 12:07:25 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=5336 The number of new scheduled foreclosure auctions in NYC (93) registered a 65% decrease in April 2011 compared to April 2010 (265), and a 12% decrease compared to March 2011 (106).

Compared to March 2011, Brooklyn foreclosures were down 54% and the number of new Staten Island foreclosures decreased 20%. Manhattan foreclosures were up 4%, Queens saw a 3% increase (34) and the number of new scheduled foreclosures remained level in the Bronx (19).

Scheduled auctions for coop units registered the biggest change, jumping 253% over April 2010 from 19 to 67 scheduled auctions.

Browse current individual NYC foreclosures.

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]]> http://www.propertyshark.com/Real-Estate-Reports/2011/05/09/new-york-city-foreclosures-drop-65-in-april-2011/feed/ 0 New York City foreclosures down 67% in Q1 2011 http://www.propertyshark.com/Real-Estate-Reports/2011/04/13/new-york-city-foreclosures-down-67-in-q1-2011/ http://www.propertyshark.com/Real-Estate-Reports/2011/04/13/new-york-city-foreclosures-down-67-in-q1-2011/#comments Wed, 13 Apr 2011 10:45:05 +0000 laura http://www.propertyshark.com/Real-Estate-Reports/?p=5260 The number of new scheduled foreclosure auctions in New York City (256) saw a 67% decrease in Q1 2011 compared to Q1 2010 (767), and a 47% decrease from Q4 2010 (487).

Compared to Q4 2010, Staten Island foreclosures were down 68%, Queens foreclosures decreased 61%, scheduled foreclosures in Brooklyn were down 41% and Bronx foreclosures were down 31%. Manhattan was the only borough that saw an increase in the number of new scheduled foreclosures: 46% more than in Q4 2010.

Browse current individual NYC foreclosure listings.

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]]> http://www.propertyshark.com/Real-Estate-Reports/2011/04/13/new-york-city-foreclosures-down-67-in-q1-2011/feed/ 0 New NYC scheduled foreclosures decrease in all five boroughs in February 2011 http://www.propertyshark.com/Real-Estate-Reports/2011/03/23/new-nyc-scheduled-foreclosures-decrease-in-all-five-boroughs-in-february-2011/ http://www.propertyshark.com/Real-Estate-Reports/2011/03/23/new-nyc-scheduled-foreclosures-decrease-in-all-five-boroughs-in-february-2011/#comments Wed, 23 Mar 2011 14:52:50 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=5108 Among the five boroughs, Queens and Staten Island were the two that saw the biggest change in the number of first-time scheduled foreclosure auctions in February 2011, dropping 91% compared to the same month in 2010.

Queens continues to have the highest number of new scheduled foreclosure auctions in New York City, with 12 properties, followed closely by Brooklyn with 11 properties. In last place was Staten Island with just 2 new scheduled foreclosures.

Browse current individual Queens foreclosures, Brooklyn foreclosures and Staten Island foreclosures.

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]]> http://www.propertyshark.com/Real-Estate-Reports/2011/03/23/new-nyc-scheduled-foreclosures-decrease-in-all-five-boroughs-in-february-2011/feed/ 0 NYC new scheduled foreclosures continue to drop in February 2011 http://www.propertyshark.com/Real-Estate-Reports/2011/03/22/nyc-new-scheduled-foreclosures-continue-to-drop-in-february-2011/ http://www.propertyshark.com/Real-Estate-Reports/2011/03/22/nyc-new-scheduled-foreclosures-continue-to-drop-in-february-2011/#comments Tue, 22 Mar 2011 14:18:39 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=5083 In February 2011 there were only 43 properties scheduled for foreclosure auction for the first time, down 82% from the same month in 2010. The total number of new scheduled foreclosure auctions in New York City (all boroughs) also registered a significant decrease of 59% compared to the previous month of the current year.

Scheduled auctions for single-family homes recorded the biggest change, dropping 94% compared to February 2010, from 86 to 5 properties.

Browse current individual NYC foreclosures.

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]]> http://www.propertyshark.com/Real-Estate-Reports/2011/03/22/nyc-new-scheduled-foreclosures-continue-to-drop-in-february-2011/feed/ 1 Number of new scheduled foreclosures declines in Q4 2010 in New York City http://www.propertyshark.com/Real-Estate-Reports/2011/01/12/new-york-city-scheduled-foreclosures/ http://www.propertyshark.com/Real-Estate-Reports/2011/01/12/new-york-city-scheduled-foreclosures/#comments Wed, 12 Jan 2011 15:55:50 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=4246 In the fourth quarter of 2010 there were 487 properties scheduled for foreclosure auction for the first time in New York City (all boroughs), down 32% from the fourth quarter of 2009. The total number of new scheduled foreclosure auctions in New York City (all boroughs) decreased by 26% compared to the third quarter of 2010. Scheduled auctions for condo units registered the biggest change, dropping 51% compared to the third quarter of 2010, from 53 to 26 scheduled auctions.

nyc_overall_q4_2010

Browse current individual NYC foreclosures.

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]]> http://www.propertyshark.com/Real-Estate-Reports/2011/01/12/new-york-city-scheduled-foreclosures/feed/ 0 Number of First Time Foreclosures in Brooklyn Down from October Peak http://www.propertyshark.com/Real-Estate-Reports/2010/12/20/number-of-first-time-foreclosures-in-brooklyn-down-from-october-peak/ http://www.propertyshark.com/Real-Estate-Reports/2010/12/20/number-of-first-time-foreclosures-in-brooklyn-down-from-october-peak/#comments Mon, 20 Dec 2010 15:35:08 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=4136 Among the five boroughs, Brooklyn and Staten Island were the only two that registered an increase in the number of new scheduled foreclosures in November 2010. There were 26 properties scheduled for foreclosure auction for the first time in Brooklyn, up 30% from the same month in 2009, but down 50% from October 2010.

Brooklyn zip code 11207 (East New York, New Lots, City Line, Starrett City) was among the top 8 zip codes for new scheduled foreclosure auctions.

brooklyn_new_forcs_map_november_2010

Browse current Brooklyn foreclosure listings.

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]]> http://www.propertyshark.com/Real-Estate-Reports/2010/12/20/number-of-first-time-foreclosures-in-brooklyn-down-from-october-peak/feed/ 0 New York City foreclosures down in November 2010 http://www.propertyshark.com/Real-Estate-Reports/2010/12/15/new-york-city-foreclosures-down-in-november-2010/ http://www.propertyshark.com/Real-Estate-Reports/2010/12/15/new-york-city-foreclosures-down-in-november-2010/#comments Wed, 15 Dec 2010 16:59:10 +0000 Adriana http://www.propertyshark.com/Real-Estate-Reports/?p=4121 In November 2010, the number of first-time scheduled foreclosure auctions decreased in all five boroughs in New York City compared to October 2010. The number of new scheduled foreclosure auctions (146) is the lowest number for the last 24 months.

Queens zip code 11434 (Jamaica, South Jamaica, Hollis, St. Albans) and Staten Island’s zip code 10306 (South Island) recorded the highest numbers of scheduled foreclosures.

nyc_overall_november

Browse current individual NYC foreclosures.

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