PropertyShark has released its quarterly foreclosure report for New York City and things continue to look more dismal each day. The Bronx leads NYC with a whopping 145% increase in new foreclosures during the 3rd quarter of 2017 compared to the same period last year with the East Bronx accounting for most.
During the third quarter of 2017, 247 properties were recorded as first-time foreclosures compared to just 101 during the same period in 2016.
The 10469 zip code covering parts of Allerton, Williamsbridge, and Pelham Gardens registered the most at 32 properties followed by 10462 and 10473 both with 29 each.
Only 10455 which covers most of Melrose did not register a single foreclosure during this period.
Overall, the South Bronx and general West Bronx zip codes did better with most only registering foreclosures in the single digits but the East Bronx is quite abysmal representing 62% of all registered first-time foreclosures in the borough.
Read the full article for the rest of NYC data over at PropertyShark.
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