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Brooklyn
DISTRESSED
SALE
REPORT
FALL
2009
New
monthly
mortgage
foreclosure
filings
on
commercial
properties
in
Brooklyn
have
peaked
in
the
summer
of
2009
Number
of
New
*Non
Residential
Mortgage
Foreclosure
Filings
in
Brooklyn
Sep
‐
08 25Oct
‐
08 27Nov
‐
08 31Dec
‐
08 60
200250
The
number
of
new
non
‐
residential
*
mortgage
foreclosure
filings
in
Brooklyn
have
peaked
in
the
second
Jan
‐
09 60Feb
‐
09 48Mar
‐
09 39Apr
‐
09 67May
‐
09 138Jun
‐
09 225Jul
‐
09 169
050100
‐
0 8
‐
0 8
‐
0 8
‐
0 8
‐
0 9
‐
0 9
‐
0 9
‐
0 9
‐
0 9
‐
0 9
‐
0 9
‐
0 9
‐
0 9
Series1
half
of
2009.
Approx.
225
foreclosures
were
filed
in
June
2009
which
is
a
record
high
for
the
last
year.
On
average,
86
non
residential
property
owners
in
Brooklyn
Non
Residential
Mortgage
Foreclosure
Filings
in
Brooklyn
by
Type
Aug
‐
09 71Sep
‐
09 70
*
Excluding
Condos,
Co
‐
Ops,
One
and
Two
family
Houses
S e p O c N o D e c J a n F e b M a r A p M a J u n J u l A u S e p
Pendens every
month
in
the
last
year.
Three
Families 37.7%Four
Families 12.8%Walk
up
Multi
Family 21.1%Mixed
Use 14.4%Vacant
Land 4.5%Industrial/Office 3.8%
T ree
Fami iesFour
FamiliesWalk
up
Multi
FamilyMixed
Use
Retail
Buildings 2.2%Elevator
Apartment
Buildings 1.9%Other/Misc. 1.5%
Industrial/OfficeRetail
BuildingsElevator
Apartment
BuildingsOther/Misc.
For
more
information
or
for
a
free
comprehensive
evaluation
of
your
property,
please
contact:
Ofer
Cohen
Managing
Directorocohen@terracrg.com
(718) 768
‐
6888
Peleg
Neev
Director,
Distressed
Sales
pneev@terracrg.com
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