Foreclosure

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The vacant Parkway Hospital, located at 70-35 113th Street in Forest Hills, has an uncertain future ahead of it. DNAinfo reports that the site headed to auction this January; the company 70-35 113th Street Holdings LLC nabbed the property with a $22,000,000 bid. (When we checked last summer, the hospital site had an outstanding lien of $14,860,000.) While 113th Street Holdings LLC paid the 10 percent required for a downpayment, it hasn’t come up with the rest of the cash. And according to DNAinfo, the court appointed referee is considering reopening the auction if the bidder is not able to complete the full payment.

So it’s thoroughly unclear what will happen to this site, which has sat vacant since 2008. Right now, it’s a graffitied eyesore that causes a number of complaints from nearby residents.

Former Parkway Hospital May be Headed for Second Auction [DNAinfo]
Former Parkway Hospital To Be Auctioned [Q’Stoner] GMAP

Photo via Google

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Queens had the second-highest quarterly growth in foreclosures in the city, with almost three times more foreclosures in the second quarter this year than in the first, according to data compiled by PropertyShark. (The Bronx had the highest.) Throughout the city, first time foreclosures doubled in Q2, reaching a two-year high. There were 348 first time foreclosures recorded — and 129 of them happened in Queens. As for pre-foreclosures, they continue to rise throughout the city at a steady rate. The number of lis pendens in the second quarter is 4,214, up 36 percent from last year and up 19 percent from the previous quarter. Queens had the highest number of lis pendens, at 1,692. Click through to see the numbers for all five boroughs…

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Queens has topped the leaderboard in foreclosures ever since the market began turning in the latter half of the last decade, so it was no surprise to see a number of foreclosure transactions pop up this week on PropertyShark. Here are a few of the houses that traded:

Ozone Park
90-06 Pitkin Avenue
Square Feet: 1,984
Date: 6/14/13
Winning Bid: $210,000
GMAP P*Shark

Woodhaven
89-14 80th Street
Square Feet: 2,460
Date: 6/7/13
Winning Bid: $300,000
GMAP P*Shark

South Ozone Park
127-04 115th Avenue
Square Feet: 2,200
Date: 6/4/13
Winning Bid: $415,000
GMAP P*Shark

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Queens has topped the leaderboard in foreclosures ever since the market began turning in the latter half of the last decade, so it was no surprise to see a number of foreclosure transactions pop up this week on PropertyShark. Here are a few of the houses that traded:

Cambria Heights
223-02 114 Avenue
Square Feet: 1,223
Date: 6/7/13
Winning Bid: $265,000
GMAP P*Shark

Queens Village
110-12 212 Street
Square Feet: 1,080
Date: 6/7/13
Winning Bid: $624,378
GMAP P*Shark

Hollis
100-37 202 Street
Square Feet: 1,282
Date: 6/7/13
Winning Bid: $235,000
GMAP P*Shark

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