Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.<\/p>\n
Key Takeaways:<\/p>\n
NYC foreclosures inch down 3% Y-o-Y, totaling 399 first-time cases in Q1 2026<\/p>\n
Lis pendens remain nearly flat, ticking down 1% Y-o-Y to 1,538 filings<\/p>\n
Brooklyn foreclosures fall 45% Y-o-Y for slowest quarter since mid-2022<\/p>\n
Manhattan foreclosure activity continues to level off after Q3 record peak<\/p>\n
Queens logs 167 first-time filings \u2014 more than Manhattan, Brooklyn and Staten Island combined \u2014 despite remaining nearly flat year-over-year<\/p>\n
Staten Island foreclosure activity more than doubles to highest figure since mid-2022<\/p>\n
Bronx foreclosure sector marks most active post-pandemic quarter with 67 first-time filings<\/p>\n
Two-family and condo foreclosures drop with Brooklyn slowdown, while Staten Island and Bronx accelerations push single family filings upwards<\/p>\n
NYC Overview3% Citywide Downtick Hides Complex Borough-Level Activity<\/p>\n
The\u00a0NYC foreclosure market<\/a>\u00a0started 2026 with a slight decrease in the first quarter by coming in 3% below year-ago levels with 399 first-time filings. Pre-foreclosures also ticked down, albeit by a negligible 1%, to total 1,538 lis pendens. Notably, this marked Q1 2026 as the slowest first quarter\u00a0in three years<\/a>, both in terms of\u00a0NYC pre-foreclosures<\/a>\u00a0and foreclosures.<\/p>\n