Staten Island Hits 14-Quarter Foreclosure Peak, Nearly Sets Post-Pandemic Record
We asked the following questions of Propery Shark, questions in bold, answers in italics:
Q: What zip codes on Staten Island saw the heaviest activity, and were there any that were especially slow in foreclosures?
|
Zip Code
|
No of Foreclosures Q1 2026
|
|
10314
|
12
|
|
10304
|
8
|
|
10312
|
7
|
|
10309
|
4
|
|
10308
|
4
|
|
10310
|
4
|
|
10303
|
4
|
|
10306
|
4
|
|
10301
|
4
|
|
10307
|
3
|
|
10305
|
2
|
|
10302
|
2
|
Q: Were there any reasons cited for these recent changes in the numbers, as far as local, regional, or national trends or other factors such as law changes or overall economics?
A: Staten Island, just like NYC, is still in a rebound phase, with foreclosures and foreclosure growth still below pre-pandemic levels. Acitivity in NYC is still lagging and compared to national trends, the foreclosure market remains relatively muted, partially due to NYC’s legal framework for foreclosures: As a judicial state, foreclosure timelines here are much longer, leaving distressed properties in pre-foreclosure for extended periods and thus presenting a far more muted picture. Additionally, with the state and city’s existing legal protections and as a high-demand market with a deep buyer pool, distressed properties and owners have more off-ramps in the foreclosure process. Overall, this means that while numbers have risen and are still rising in NYC (and Staten island), the local foreclosure sector is still climbing back to pre-pandemic filing numbers.
PropertyShark’s Q1 foreclosure report shows NYC’s distressed property sector in a mild downtick, slipping 3% Y-o-Y to 399 first-time filings, while pre-foreclosures inched down a near-negligible 1% Y-o-Y to 1,538 lis pendens. Still, this meant Q1 2026 was the slowest first quarter in three years for both NYC pre-foreclosures and foreclosures.
But the muted decline seen at the city level was not reflected at the borough level, with trends diverging significantly. First-time filings more than doubled in Staten Island and the borough marked its most active quarter since mid-2022. In fact, post-COVID, only Q2 2022 had more first-time foreclosures: 62 vs 58. The Bronx also rose sharply, actually setting a new post-pandemic record and surpassing Brooklyn for the first time since late 2017.
See more highlights:
- One Staten Island zip and two from Queens tie for the city’s foreclosure hotspot with 12 cases each (this refers to Staten Island’s zip 10314, above, and the two Queens zip codes: 11412 in Saint Albans and 11413 which covers parts of Laurelton, Brookville, Springfield Gardens and Rochdale)
- Staten Island foreclosures (58) surged 123% Y-o-Y, contributing to the 46% citywide increase in single family home foreclosures
- Queens (167) stayed nearly flat year-over-year but still totaled more foreclosures than Brooklyn, Manhattan and Staten Island combined
- Manhattan quietly became the city’s least active foreclosure market for the first time in nearly four years
- Bronx foreclosures (67) rose 24% Y-o-Y, setting a new post-pandemic record high
- Brooklyn foreclosures (62) dropped below Bronx caseload (67), also fueled by 45% Y-o-Y decrease in Brooklyn filings
- Manhattan pre-foreclosures jumped 31% Y-o-Y to 68 lis pendens, but remained the city’s slowest pre-foreclosure market; Staten Island lis pendens declined 4% Y-o-Y
To learn more about Staten Island’s foreclosure market in Q1 2026, dive into our full PropertyShark report here: https://www.propertyshark.com/Real-Estate-Reports/nyc-foreclosure-report/.
Banner Image: Distressed property. Image Credit – The Quiet Atlas
