NYC Top Foreclosed Apartments by Lien Amount in 2011

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

Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.