Staten Island Only Borough Where Pre-Foreclosures Declined Among NYC In Latest Foreclosure Report
Editor’s note: This report and data follow along from the last similar report in January showing similar trends for Staten Island, which stands out among the boroughs for continuing declining pre-foreclosure numbers.
PropertyShark’s latest foreclosure report shows that NYC’s foreclosure incidence contracted 5% Y-o-Y to total 388 first-time filings in Q2. Meanwhile, citywide pre-foreclosures rose 27% Y-o-Y, totaling 1,831 lis pendens, with all boroughs except Staten Island logging increases. Staten Island however stood as the only borough where pre-foreclosures declined, contracting 19% Y-o-Y to 162 filings.
In terms of foreclosures, NYC’s mild decline hid vastly different borough-level trends. But behind that modest citywide decrease, boroughs moved in vastly different directions. For example, Staten Island’s caseload rose to 54 first-time filings after a 13% Y-o-Y increase, coming just two cases behind Brooklyn, which saw filings more than halved to a four-year low.
See more highlights:
- Staten Island’s Q2 foreclosure hotspot was zip 11312, clustering nine new cases in the Arden Heights, Annadale, Woodrow, Huguenot and Eltingville area
- The Bronx closed Q2 with 109 first-time filings, the highest figure in more than seven years and second only to Queens
- Queens maintained its lead as the city’s most active foreclosure market with 140 first-time filings after a 9% Y-o-Y increase
- 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: https://www.propertyshark.com/Real-Estate-Reports/nyc-foreclosure-report/.
Staten Island stood as the only NYC borough where pre-foreclosures declined, contracting 19% Y-o-Y to 162 filings. By contrast, Staten Island foreclosures rose, increasing 13% Y-o-Y to 54 first-time filings in Q2, right behind a significantly slowed Brooklyn. In fact, Brooklyn dropped to its slowest quarter in four years, as did Manhattan which closed Q2 with 29 cases, again making it the slowest foreclosure market in the city.
Meanwhile, Staten Island’s foreclosure hotspot was zip 11312 which clustered nine new cases across the Arden Heights, Annadale, Woodrow, Huguenot and Eltingville area.
Explore all the details behind NYC’s foreclosure market in Q2 2026 here: https://www.propertyshark.com/Real-Estate-Reports/nyc-foreclosure-report/.
026 Q2 Foreclosure Report: Bronx Caseload Hits 7-Year High, Brooklyn & Manhattan Slow to 4-Year Low
Eliza Theiss | 9 minute read
Manhattan yet again slowed to become the city’s least active foreclosure market, Brooklyn’s caseload dropped so low it barely edged out Staten Island, while the Bronx heated up enough to surpass all boroughs except Queens.
Key Takeaways:
- NYC foreclosures decline 5% year-over-year (Y-o-Y), totaling 388 first-time cases in Q2 2026
- Citywide lis pendens rise 27% Y-o-Y to 1,831 filings, fueled by Brooklyn’s increase
- Bronx foreclosure sector heats up to seven-year high to become second-most-active market in city
- Brooklyn foreclosures drop to four-year low, but pre-foreclosures jump 44% Y-o-Y
- Yet again, Manhattan is slowest foreclosure market in NYC with filings down to post-moratorium lows
- Queens maintains lead with 140 first-time filings, Jamaica and Saint Albans concentrate highest number of foreclosures by neighborhood with 18 cases each
- Staten Island stands as the only borough with decreasing pre-foreclosures, contracting 19% Y-o-Y
- Single family homes drive city’s foreclosure sector with 36% of cases
- NYC’s foreclosure hotspot moves to zip 10469 in northeastern Bronx with 16 cases
NYC Overview
Behind 5% Citywide Decrease, the Five Boroughs Chart Disparate Paths
The New York City foreclosure market closed the second quarter of the year with 388 first-time filings for a 5% Y-o-Y downtick. However, the mild changes observed at the city level hide more complex and often opposing trends at the borough level. In fact, the city’s foreclosure sector is once again behaving less like one homogenous industry and more like five separate markets shaped by differing forces and trends.
This time, the Bronx was the standout foreclosure market after closing Q2 with 109 first-time filings to mark the borough’s most active quarter in seven years. This came as cases nearly doubled year-over-year, fueled by the rapid acceleration of mortgage foreclosures throughout the last year.
What’s more, this sharp increase made the Bronx the city’s second-most-active foreclosure market. It was surpassed only by Queens, which logged 140 first-time cases after a 9% Y-o-Y increase. Cases also rose on Staten Island, but its 54 first-time filings remained just under its record-setting Q1 figures.
By contrast, foreclosures decreased in Manhattan and Brooklyn. Specifically, Manhattan cases fell by more than one-third to just 29 first-time filings to make Manhattan the slowest foreclosure market in the city yetagain. Meanwhile, Brooklyn’s caseload was more than halved to 56 unique filings, marking the slowest quarter for the borough in four years.
That said, Brooklyn’s slowdown may be temporary as lis pendens rose sharply to 644 filings to make it the city’s pre-foreclosure leader, surpassing even Queens’ 617 cases. At the same time, pre-foreclosure activity was far lower in the other three boroughs with Staten Island filings even decreasing by nearly one-fifth.
Notably, pre-foreclosures were on the rise in the Bronx, hinting at potential further increases in new foreclosures in the borough, while Manhattan remained the slowest pre-foreclosure market in the city, despite cases more than doubling. Overall, the city totaled 1,831 lis pendens for a 27% Y-o-Y increase in NYC pre-foreclosures.
266 lis pendens.
Staten Island
Staten Island Foreclosure Market Heats Up to 14-Quarter High
The Staten Island foreclosure market finished the second quarter with 54 first-time filings. While that represented a 13% Y-o-Y increase, it was still below the borough’s 14-quarter high from the start of the year. Still, the first two quarters of 2026 had almost as many foreclosures as the entirety of the previous year: 112 filings versus 139.
Although the start of the year saw Staten Island’s 11314 Mid-Island zip tie with two Queens locations as the city’s foreclosure hotspots with 12 cases each, Q2 was more muted. Specifically, zip 11312 led the borough, clustering nine new foreclosures in the Arden Heights, Annadale, Woodrow, Huguenot and Eltingville areas. However, Great Kills was the borough’s most active neighborhood for foreclosures with five first-time filings.
Finally, in terms of lis pendens, Staten Island pre-foreclosures went against the grain after contracting 19% Y-o-Y to 162 filings. Only Manhattan logged fewer pre-foreclosure filings. Notably, Staten Island was the only NYC borough to see lis pendens trend down in Q2.
Data Snapshot: All Boroughs
Q2 2026 NYC Foreclosures & Pre-Foreclosures by Borough
To see the full report, please visit PropertyShark
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