You are reading

Queens had more foreclosures than any other borough in 2023: report

Jan. 17, 2024 By Ethan Marshall

Queens had more foreclosures than any other borough in 2023, accounting for 39% of all cases across the city, according to a report by the real estate firm PropertyShark.

Of the 1,620 foreclosures in New York City in 2023, 631 of them were in Queens, including 50 in Elmhurst. The Queens foreclosure number was up 45% from 2022, when 434 cases were filed. However, the concentration of foreclosures in Queens dipped in 2023; for instance, in 2022, 47% of foreclosures across the city were in the World’s Borough.

The report notes that pre-foreclosures also experienced a slight increase in Queens from 2022 to 2023. They ended up increasing 9% year-over-year, from 1,026 to 1,184.

Last year also marked the first time since 2019, before the COVID-19 pandemic, that New York City as a whole reached quadruple digits in foreclosures. However, the number of foreclosures across New York City is still less than half the total number of foreclosures in the city in 2019. For example, despite foreclosures nearly doubling in Queens from 342 in 2020 to 631 in 2023, the number pales in comparison to the 1,165 in 2019.

According to the report, it will still take some time before the number of foreclosures reach the amounts seen prior to the COVID-19 pandemic. This is exemplified by the small increase experienced in pre-foreclosures from 2022 to 2023. The 4,935 pre-foreclosures in 2023 represented just a 5% increase from the 4,680 in 2022. It is also a far cry away from the 9,185 in 2019.

Recent News

College Point building inspector criminally charged with taking bribes to close complaints: DA

A College Point man who works as an inspector at the city’s Department of Buildings is accused of accepting bribes in exchange for overlooking potential violations at various Queens locations on multiple occasions since January 2023.

Zabihullah Ibrahimi, 42, of 22nd Avenue, was arraigned Thursday in Queens Criminal Court on bribery and official misconduct charges for taking cash from homeowners and then closing complaints about their property. In one case, he allegedly asked for $3,500 from a property owner and, when she said she had no cash, he directed her to go to a bank and get it while he waited at her home, according to Queens District Attorney Melinda Katz.

Op-ed: An urgent call for revising NY’s criminal justice reforms to protect public safety

Apr. 11, 2024 By Council Member Robert Holden

In 2019, the State Legislature and Governor Andrew Cuomo embarked on a controversial overhaul of New York’s criminal justice system by enacting several laws, including cashless bail and sweeping changes to discovery laws. Simultaneously, the New York City Council passed laws that compounded these challenges, notably the elimination of punitive segregation in city jails and qualified immunity for police officers. These actions have collectively undermined public safety and constrained law enforcement effectiveness.