PropertyShark’s latest foreclosure report shows that NYC’s foreclosure incidence contracted 5% Y-o-Y to total 388 first-time filings in Q2. But behind that modest citywide decrease, boroughs moved in vastly different directions.
The Bronx was the standout story of Q2, closing with 109 first-time filings, the strongest quarter in more than seven years, after cases nearly doubled Y-o-Y. That surge made the Bronx the city’s second most active foreclosure market, surpassed only by Queens, in a dynamic last seen nearly a decade ago. The Bronx also claimed NYC’s foreclosure hotspot with zip 10469, which concentrated 16 new cases in an area covering parts of Allerton, Baychester, Laconia, Pelham Gardens and Williamsbridge.
See more highlights:
- Bronx single family home foreclosures drove much of the borough’s surge, rising steadily over the past year from 32 cases in Q3 2025 to 79 in Q2 2026;
- Queens maintained its lead as the city’s most active foreclosure market with 140 first-time filings with a 9% Y-o-Y increase;
- Brooklyn’s caseload was more than halved to 56 first-time filings, marking the slowest quarter in four years;
- Manhattan fell to 29 first-time filings after a 37% Y-o-Y drop, its lowest figure in four years.
To learn more about NYC’s foreclosure market in Q2 2026, dive into our full report here.
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