STATEN ISLAND, N.Y. — The number of residential foreclosures across New York City has fallen slightly from last year, but some boroughs have seen their numbers rise against the citywide trend.
A new report by PropertyShark analyzed first-time residential foreclosures across New York City during the first three months of 2025 to identify trends in the city’s real estate market.
“NYC’s foreclosure sector was one of disjointed trends in the first quarter of the year: The city overall continued to trend down with its most active boroughs following suit while others heated up to peaks not seen in years,” wrote Eliza Theiss of PropertyShark…