Proposed Ultra-Luxury Conversion in SoHo Scheduled for Auction
As first reported by Forbes, the proposed luxury residential conversion at 476 Broome Street (aka 62 Wooster Street) in SoHo is scheduled for auction on March 17th. It has a lien amount of $32,309,343. According to the developer’s website, the luxury conversion would have had 2 penthouses, a total of 5 residential units, roof-top swimming…
Hilton Club at 1335 Avenue of the Americas Plagued by Foreclosures
Timeshare foreclosures usually go by almost unnoticed, as their complicated ownership structure can make them less desirable for real estate investors. However, the stunningly high occurrence of scheduled timeshare foreclosure auctions at 1335 Avenue of the Americas caught our attention. Hilton Club is the name under which Hilton Hotels started to sell timeshares on two…
Proposed Luxury Conversion in TriBeCa Scheduled for Auction
A 7-story property located at 37-39 Warren Street (aka 132-138 Church Street) in TriBeCa is scheduled for auction on March 2nd with a lien listed at $28.9 million. The property was bought for $28 million in October 2007 by Millenium New York, a Long Island property developer. According to Real Estate Weekly (via All-Business.com), the…
New York City residential lis pendens in 2010
We’ve created a new interactive map showing where in NYC were residential pre foreclosures happening in 2010.
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….
Profitable deals emerge from banks unloading their REO inventory
In 2009, banks more than doubled the number of New York City properties unloaded from their REO inventories. 1,027 repossessed properties located in the five boroughs of New York City were sold by banks to private buyers or investor groups in 2009. That’s a 131% increase from the 444 properties the banks sold from their…
Commercial distressed properties listed for sale in NYC
Occasionally, commercial property owners have creditors file lis pendens against them and put the property up for sale. Here are 3 such properties listed for sale where the owner recently received a lis pendens filing. You can click on the photo for more listing details or click on the address for a detailed property report…
Number of Brooklyn Properties bought at auction hit 3-year lows
According to PropertyShark.com records, only 55 properties were bought at auction in 2009 by investors or independent buyers in Brooklyn. That is 16.8% of the 326 properties successfully auctioned properties* at the Brooklyn courthouse. By comparison in 2008, 96 properties (19.7% of total) were bought by independent buyers, while in 2007 independent buyers bought 114…
Top 5 Manhattan Distressed Properties with Highest Mortgage Amount in 2009
Here are what we found to be the top 5 Manhattan properties (by mortgage amount) with a lis pendens filed against them. The rental apartment buildings at 2225 5 Avenue and 2171 Madison Avenue shared the highest mortgage amount among the distressed properties in Manhattan for 2009. The mortgage was for $225,000,000. Properties reportedly owned…
Brooklyn foreclosures increased 27% from June 2009 but down 25% from July 2008
In the July Foreclosure Report, scheduled Brooklyn foreclosure listings increased 27% from June 2009 but were down 25% from July 2008. The only Brooklyn zip code in the top 15 for foreclosures in New York City was 11233 (Ocean Hill, Brownsville). See below for an interactive map of July Brooklyn foreclosure listings.
Los Angeles Foreclosures Down 49%, Miami Foreclosures up by 58% and NYC by 64%
In the January 2009 Foreclosure Report by PropertyShark.com, Los Angeles foreclosures were down 49% from December 2008, Miami foreclosures increased by 58%, New York City by 64%, and new scheduled foreclosures in Seattle spiked 300%.
Current Market Reports
Update on the latest real estate reports on Long Island Foreclosures, los angeles foreclosures, Miami Foreclosures, NYC Foreclosures, Los Angeles Multifamily properites, San Francisco Multifamily properties
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