REAL ESTATE Queens sees 16% dip in foreclosures after year-long spike BY SUZANNE MONTEVERDI [email protected] @smont76 Aft er a troubling surge in 2016, new foreclosure cases in Queens have slowed down in the beginning of the new year, according to a new report. In the fi rst quarter of 2017, Queens had 184 foreclosures scheduled — a 16 percent year-over-year decrease from the sky-high numbers recorded in 2016, PropertyShark reported. Citywide, foreclosures dropped 15 percent, and Brooklyn was the only borough that recorded an increase. With 27 fi rst-time foreclosures reported, Jamaica’s 11431 area is the Queens neighborhood with the most new cases fi led in the fi rst quarter of 2017. Southeastern Queens continues to be a “foreclosure hotspot,” according to PropertyShark. In stark contrast, a previous analysis by the real estate group concluded that fi rsttime foreclosures in the fi ve boroughs had spiked by 141 percent between 2011 and 2016 — highs not seen since the Great Recession. Queens recorded 933 fi rsttime foreclosures in 2016, compared with 804 in 2015. Queens also saw the most home foreclosures of any borough in the second quarter of 2016. Citywide pre-foreclosures — when the homeowner has negotiated with the lender to sell the home below market value but still has control of the property — are also on a descending path in 2017, the new report also said. A total of 3,082 New York City homeowners had foreclosure cases fi led on their properties, translating to a 16 percent decrease year-over-year. PropertyShark’s new report focused on residential properties, including single and two-family homes, condos or co-op units, that are scheduled for auction for the fi rst time. Photo via Shutterstock Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST FLUSHING WOODSIDE QUEENS VILLAGE FOREST HILLS Under $500,000 162-01 Powells Cove Blvd., Beechhurst $439,000 Co-op 2 bedrooms, 1 bathroom Marcia Coughlin East Coast Realtors $500,000-900,000 213-02 42nd Ave., Bayside $699,000 Condo 2 bedrooms, 2 bathrooms Tsung Mou Hsieh Douglas Elliman Real Estate Over $900,000 43-30 147th St., Flushing $1,298,000 1-family Victorian 6 bedrooms, 3 ½ bathrooms Nancy Donin Laff ey Real Estate Under $500,000 88-02 35th Ave., Jackson Heights $375,000 Co-op 2 bedrooms, 1 bathroom George Herrera Keller Williams Landmark II $500,000-900,000 31-31 58th St., Woodside $850,000 1-family Colonial 3 bedrooms, 2 bathrooms William Fatutta Acer Realty Over $900,000 30-63 38th St., Astoria $1,088,000 Condo 2 bedrooms, 2 bathrooms Estela Irizarry Winzone Realty Under $500,000 109-57 213th St., Queens Village $479,990 1-family Colonial 4 bedrooms, 1 ½ bathrooms Kenny Kamil Sattaur RE/MAX Southshore Realty $500,000-900,000 178-13 90th Ave., Jamaica $779,000 2-family Colonial 4 bedrooms, 2 bathrooms Bushra Alzubaidi Guidance Realty Over $900,000 218-12 Peck Ave., Hollis Hills $1,248,888 1-family Tudor 3 bedrooms, 2 full-baths, 2 half-baths Irene Gringuz Daniel Gale Associates Under $500,000 99-05 63rd Dr., Rego Park $279,999 Co-op 2 bedrooms, 1 bathroom David Chen Prime Realty $500,000-900,000 90-50 70th Dr. , Forest Hills $799,000 2-family Colonial 2 bedrooms, 2 full-baths, 2 half-baths Aaron Ram City Square Realty Over $900,000 158-40 80th St., Howard Beach $975,000 1-family high ranch 5 bedrooms, 3 bathrooms Phyllis Inserillo Howard Beach Realty
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