PropertyShark’s annual foreclosure report shows the NYC distressed property sector accelerated in 2025, rising 8% Y-o-Y to 1,588 new filings.
The Bronx experienced the sharpest increase among all five boroughs, with foreclosures jumping 35% Y-o-Y. With 194 first-time filings, the borough also marked the second consecutive year outpacing Staten Island‘s foreclosure activity. Notably, Bronx foreclosures have more than doubled over the past two years.
Additionally, zip 10473 in the Clason Point, Castle Hill, Soundview and Unionport area was the Bronx’s foreclosure hotspot with 29 new cases.
Here are some more highlights:
- Manhattan posted its highest number of foreclosures in at least 15 years, with 208 new cases after a 28% Y-o-Y increase.
- Queens and Brooklyn remained the most active foreclosure markets in the city with 587 and 460 cases, respectively, but saw more modest Y-o-Y increases.
- Two-family homes led in residential foreclosures for a third year running, with 540 cases after a 12% Y-o-Y rise, while condo foreclosures fell 24% Y-o-Y to 194 new cases.
- The city’s priciest residential foreclosure was a 3,726-square-foot penthouse at the Metropolitan Tower with a $9.74M lien.
- NYC commercial cases rose 17% Y-o-Y to reach 84 new filings.
To learn more about NYC’s foreclosure market, dive into our full PropertyShark report here.
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