Manhattan foreclosures spiked this spring

April showers brought Manhattan foreclosures this spring — even in the poshest parts.

Fresh data, published by the real-estate industry portal PropertyShark, documented an 11% citywide jump in new foreclosure filings from April through June, compared to last year.

Manhattanites with mortgage defaults rose 15%, with a surprising number of cases documented in one of the city’s historically wealthy ZIP codes. 

Out of 46 Manhattan homes hit with new filings, eight were clustered in Midtown’s 10022 ZIP code — a locale known for exclusive 100-year-old buildings, sky-high prices and old-money owners.

ZIP code 10022 spans roughly from 49th to 60th streets, sandwiched between Fifth Avenue and the East River. The area encircles landmarks like the Waldorf Astoria New York and Bloomingdale’s.

Its local reputation for luxury shopping, particularly along Fifth Avenue, comes with home prices to match — the median listing price in the 10022 ZIP code was $1.3 million in June, according to Realtor.com reporting.

Looming debt and lagging sales are bogging down even the city’s most well-heeled residents. 

“Interest rates are rising, there is high economic distress, many times generational wealth does not mean someone is liquid,” luxury Serhant realtor Peter Zaitzeff told the Daily Mail.

Even historic pre-war condominiums like the Parc Vendome building on West 57th Street, on the opposite side of Central Park, saw a foreclosed-upon studio recently enter contract with a listing price of just $525,000.

Across the river, Brooklyn led the city in foreclosure filings, dethroning Queens. Kings County saw 129 new filings in the spring, a 36% spike compared to last year. Canarsie and East Flatbush led the borough with 17 cases.

Queens, the city’s most active market, saw a welcome 20% slowdown in fillings, down to 128 in the second quarter of the year. 

Staten Island foreclosures, on the other hand, increased by 25% to 48 cases, and activity in The Bronx hit a new high. The borough surpassed its five-year foreclosure peak with 57 filings last quarter.