Home foreclosures are rising in NYC. Here's our map.

"But while New York City is home to more than 8 million people across hundreds of neighborhoods, a Gothamist review of auction sale data reveals a familiar geographic pattern. One- and two-family homes sold at foreclosure auctions so far this year are overwhelmingly concentrated in neighborhoods of Southeast Queens, like Jamaica and Springfield Gardens, and sections of Central and South Brooklyn, like Canarsie and East Flatbush."

"The data mirrors the results of a report released last month by the Center for NYC Neighborhoods, which found New York City foreclosure filings nearly doubled during the first half of the year compared to the last six months of 2024, with most of the affected homeowners living in the same parts of Brooklyn and Queens. Black New Yorkers have traditionally made up the majority of homeowners in those neighborhoods, and Latino and South Asian residents also comprise a growing subset of the population."

""These homes are overwhelmingly located in communities of color and working-class neighborhoods, and when they are lost to foreclosure, it is accelerating displacement and economic inequities," said Center for NYC Neighborhoods Executive Director Christie Peale, whose organization studies ownership trends and coordinates with attorneys and advocacy groups across the city."

Foreclosure auctions in New York City regularly sell homes worth millions for far below their true values. One- and two-family homes sold at foreclosure auctions this year are heavily concentrated in Southeast Queens neighborhoods such as Jamaica and Springfield Gardens and in Central and South Brooklyn neighborhoods such as Canarsie and East Flatbush. Court records and PropertyShark data identify 335 one- and two-family homes sold at foreclosure auctions so far this year. Foreclosure filings nearly doubled in the first half of the year compared to late 2024, and affected homeowners are predominantly from those Brooklyn and Queens neighborhoods. Black homeowners have traditionally formed the majority in those areas, with growing Latino and South Asian populations. Predatory lending, high-interest loans, and unemployment previously heightened vulnerability to foreclosure, and current losses are contributing to displacement and widening economic inequities.

Read at Gothamist