While overall New York City foreclosures are down 15% since last year, Brooklyn’s first-time foreclosures in the first quarter of this year have skyrocketed 24% with Canarsie hot particularly hard, according to a just released Property Shark report.
The report follows a special Brooklyn report by PropertyShark earlier this year that found Brooklyn foreclosures have been going up steadily for the past 5 years with most cases concentrated in the borough’s eastern part.
Zip code 11236, covering Canarsie, had a total of 21 foreclosures in Q1 2017 and is still Brooklyn’s area with highest foreclosure activity.
