There were only 106 first-time foreclosures in Queens during the third quarter of 2026, tying the fourth quarter of 2024 for the second-lowest mark since the end of the COVID-19 pandemic, according to a report from PropertyShark .

Only the first quarter of 2022 saw a lower number of first-time foreclosures, with 12, which was due in large part to the quarter marking the first since the expiration of New York State's foreclosure moratorium.

Year-over-year, Queens experienced a 36% decline in first-time foreclosures, from 165 in the third quarter of 2025 to 106 in the third quarter of 2026. Despite the sharp drop, Queens still had the most foreclosures among the New York City boroughs.

The St. Albans ZIP code 11412 accounted for the most first-time filings among Queens neighborhoods, with 11.

Despite the sharp drop in first-time foreclosures, Queens actually had pre-foreclosures rise 26% year-over-year, from 553 lis pendens filings in the third quarter of 2025 to 697 in the third quarter of 2026, which was the most among the five New York City boroughs.

Queens had the second-highest lien to hit the auction block among the five boroughs during the first quarter of 2026. The building at 20-17 43rd St. in Astoria was auctioned off for a lien of $969,793 on July 10. Only 2558 Morgan Ave. in the Bronx was pricier, when it was auctioned off for $1,095,973 on Aug. 3.

The fourth most expensive lien in the third quarter of 2026 was also in Queens. The building at 34-37 111th St. in Corona was auctioned off for a $756,492 lien on Aug. 13.

New York City as a whole had first-time foreclosures decrease 23% year-over-year, from 412 in the third quarter of 2025 to 319 in the third quarter of 2026. Over this same period of time, pre-foreclosures rose 10%, from 1,635 in 2025 to 1,806 in 2026.

I was born and raised on Long Island and reside in Bayside. Graduated Cum Laude from Hofstra University. Big Mets, Jets and Islanders fan.

All comments are subject to our Community Guidelines . Schneps Media does not endorse the views shared by readers in our comment sections.