- Feb 07, 2014
(commercial lis pendens)
By Laura Gatea
There were 662 commercial lis pendens in New York City in the third quarter of 2013, 3 percent more than the number recorded for the same quarter in 2012 but 7 percent lower than the previous quarter.
Brooklyn compiled 53 percent of the total commercial lis pendens activity in the city in the third quarter, although the total number was down 3 percent from the second quarter. Manhattan recorded 76 such proceedings in the third quarter, 17 percent more than a year ago and 12 percent less than in the previous quarter. Lis pendens in the Bronx, at 99, were down 21 percent year-over-year and 26 percent compared to the previous quarter, while Queens, with 17 percent of the city’s commercial lis pendens activity, saw a 12 percent increase over the same quarter last year and a 7 percent decrease from the second quarter of 2013. There were 24 commercial lis pendens in Staten Island in the third quarter, remaining steady compared to both third quarter 2012 and second quarter 2013.
—Laura Gatea is a senior real estate data analyst for ProperyShark.