REAL ESTATE Queens foreclosures spike to highest levels since Great Recession BY SUZANNE MONTEVERDI smonteverdi@qns.com/@ smont76 With a total of 2,202 foreclosed homes in New York City in 2016 — 933 in Queens — fi rst-time foreclosures have reached highs not seen in fi ve years, according to a recent report. An analysis by PropertyShark concluded that fi rst-time foreclosures in the fi ve boroughs have spiked by 141 percent in the past fi ve years — though numbers are still far from the highs reached in 2008 and 2009. “Back in July, our foreclosure report revealed that foreclosures in NYC were reaching levels not seen since 2010; and though the spike in numbers slowed down in the second half of 2016, our end-of-year report supports the same conclusion,” PropertyShark writer Andra Rus said. In 2015, Queens recorded 804 fi rst-time foreclosures. Last year, the borough recorded 933. ZIP code 11434, which covers areas of Jamaica, Hollis and St. Albans, was a “foreclosure hot spot” in 2016, according to the analysis. Th e neighborhood posted 84 foreclosures last year — the highest number of new foreclosures in one neighborhood throughout all fi ve boroughs. While Queens accounted for 42 percent of fi rst-time auctions in NYC last year and continued to be the borough with the highest number of foreclosed homes, it did not register the highest year-over-year increase. Pre-foreclosure fi lings have been on a descending trend since 2013, the report also says. Th ere were 12,573 cases fi led across the fi ve boroughs last year — a 7 percent year-over-year decrease. According to methodology, the foreclosed properties taken into account for the report were scheduled for auction for the fi rst time in 2016 and were residential properties that are either Photo via Shutterstock single-family or two-family homes or condo or co-op units. Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST LITTLE NECK WOODSIDE QUEENS VILLAGE MIDDLE VILLAGE Under $500,000 10-34 166th St., Whitestone $239,888 Co-op 1 bedroom, 1 bathroom Deirdre Folan Keller Williams Realty Landmark $500,000-900,000 73-36 179th St., Fresh Meadows $850,000 1-family cape 3 bedrooms, 2 bathrooms Charles Chul Chang Exit Realty Team Over $900,000 46-43 247th St., Little Neck $968,000 1-family home 3 bedrooms, 1 ½ bathrooms Toni Vatier East Coast Realtors Under $500,000 34-49 81st St., Jackson Heights $199,000 Co-op Studio unit, 1 bathroom David Sthanapati Keller Williams Realty Greater $500,000-900,000 50-09 63rd St., Woodside $699,000 1-family home 3 bedrooms, 2 bathrooms Michael Berg Charles Rutenberg Realty Over $900,000 13-09 40th Ave., Long Island City 6-family home 18 bedrooms, 6 bathrooms Aida Markisic Aida Home Realty Under $500,000 89-40 210th Pl., Queens Village $274,900 1-family home 2 bedrooms, 2 bathrooms Chimeodo Uche ERA/Top Service Realty Inc. $500,000-900,000 88-29 Ashford St., Bellerose $549,000 1-family home 3 bedrooms, 1 ½ bathrooms Hasmukh Shah Laff ey Real Estate Over $900,000 89-20 170th St., Jamaica $1,200,000 2-family home 7 bedrooms, 5 full-baths, 1 half-bath Ashim Dey Advance Team Realty PICTURED LISTING Under $500,000 52-21 65th Pl., Maspeth $250,000 Co-op 2 bedrooms, 1 bathroom Maureen Brennan O’Kane Realty $500,000-900,000 118-17 Union Tpke., Forest Hills $649,000 Co-op 3 bedrooms, 3 bathrooms Roger Mashihi Metro Garden Realty Over $900,000 61-01 69th Pl. , Middle Village $998,000 2-family townhouse 4 bedrooms, 2 ½ bathrooms Andrew LaSala Crifasi Real Estate
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