The Real Deal New York

From the January issue: From working-class enclaves in the outer boroughs to glistening new
condo towers in Manhattan, the legions of New Yorkers at risk of losing
their homes has been growing. While the number of foreclosure filings in the state dropped during
the first three quarters of last year compared to the same time in
2008, the filings jumped 14 percent in New York City, according to
RealtyTrac. And no borough — including Manhattan — was spared.
This month, The Real Deal examined foreclosure data provided
by PropertyShark, RealtyTrac and NYU’s Furman Center and found that
across the board — from houses on cul-de-sac streets in Staten Island
to tony co-op apartments on the Upper West Side — foreclosures in the
five boroughs have quietly started creeping into more well-to-do
neighborhoods. While the level of distress in many of these higher-end
neighborhoods still pales in comparison to foreclosure epicenters like
East New York, Jamaica and Ozone Park, it is clearly on the rise.