- Jan 14, 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, re- maining steady compared to both third quarter 2012 and second quarter 2013.
—Laura Gatea is a senior real estate data analyst for ProperyShark.