
Borough located on an island (eponymous) of New York, Staten Island is unique in its geographical features than the other four boroughs. Staten Island Borough has a population of around 500,000 people and is ranked third according to area covered with 153 kmē. Staten Island borough is recognized as the best in the suburban features and is an attractive destination for tourists. Staten Island Ferry is a well-known attraction for visitors.
Historians suggest that Staten Island was dominated by poultry and dairy farms some times back. The population of Staten Island has been steadily increasing with the opening of Verrazano-Narrow Bridge that has helped it in connecting to New York City. This bridge has helped in the growth of industries in Staten Island and hence led to an improvement in its economy. Increasing population has made the real estate market of Staten Island to have a rise and everyone have found Staten Island foreclosures to their benefit.
Staten Island foreclosures are cheaper than the actual price of the properties in the real estate market. Hence, people with limited budget have found Staten Island foreclosures to their advantage. Updated Staten Island Real Estate Market Snapshot reveals that the borough has 222 Staten Island foreclosures listed in their foreclosure listings. Staten Island foreclosures available in the price range of $5,620 - $1,110,000 and the recent real estate market has seen their rates increase at an alarming rate. This has made investors eye more towards Staten Island for foreclosure investments.