Queens is the King of New York City Foreclosures

First-time foreclosures across New York City increased by 18 percent last year, spiking to the highest levels since the depths of the recession in 2010, Property Shark reports. Of the 2,202 foreclosed homes in the five boroughs, 933 – or 42 percent – were in Queens. The Bronx registered the highest yearly increase, at 37 percent, followed by Brooklyn at 18 percent. Brooklyn and the Bronx combined accounted for the same number of total foreclosures as Queens alone.

The statistics include co-ops and condos, as well as single- and two-family homes. Even as the numbers keep rising, the courts have streamlined efforts to deal with the backlog of foreclosed properties.

When Property Shark evaluated the data by zip code, they found that 11434, which is accountable for much of Southeast Queens, continues to be what it calls “a foreclosure hotspot.” In Jamaica, South Jamaica, Hollis and St. Albans alone, there were a total of 84 homes scheduled to be auctioned in 2016.

The neighborhoods with the next highest numbers of foreclosures were: Williamsbridge, Baychester, Woodlawn, Wakefield, Eastchester, Morris Park, Pelham Parkway, Bronxdale, Van Nest and Laconia in the Bronx; Canarsie, Flatlands, Marine Park, Mill Basin and Bergen Beach in Brooklyn; North Island on Staten Island; and Chelsea and Clinton in Manhattan.

Foreclosures bottomed out citywide at 912 in 2012, and they’ve been climbing steadily ever since.