What's the Biggest Challenge Facing Today's Board? Managers share thoughts on the issues before today's building and HOA leaders.

By Cooperator Studio 16 January 2016 Board Operations

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Assessing Buyer Applications

What Boards Should Look for—& Avoid

Failure to Communicate

The Pitfalls of Poor Connection

Architectural blueprint with safety helmet and tools on blur dollar money background.

New Law Affects Contractor Retainage for Co-ops & Condos

Add Another Item to Boards' List of Things to Worry About

News

4/3/2025 Manhattan’s Most Expensive Listing Is Now a $110M Condo on Billionaires’ Row - Mansion Global

The most expensive unit at Manhattan’s 111 West 57th Street has hit the market for $110 million, making it the priciest home for sale in New York City.
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4/2/2025 Pretzels to Penthouses: W37th Street Site Sold for Luxury Condos - W42ST

Former kings of New York City pushcarts, M&T Pretzel are selling their Hell’s Kitchen industrial building — with plans filed to replace it with luxury condos, government records show.
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3/28/2025 See Inside Gawker Founder Nick Denton's NYC Condo, Which Has Sold for $3.5 Million - Finance Monthly

Nick Denton, the founder of the once-controversial media giant Gawker, is putting his iconic Soho loft on the market for $3.5 million. Located at 76 Crosby Street in New York’s trendy Soho neighborhood, the two-bedroom, two-bath condo offers a unique mix of historic charm and modern luxury. It’s the perfect blend of New York industrial history and sleek, contemporary finishes.
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3/27/2025 Naftali scoops up Spitzer’s UES rental building for more than $800M: report - Real Deal

The Naftali Group may be considering a condo conversion, which was presented as a possibility in the property's marketing.
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3/24/2025 A new NYC building is selling a $1 million wine cellar and $750,000 parking spots - Business Insider

A luxury condo building on the rise in downtown Manhattan is selling what appears to be the most expensive wine cellar ever sold in New York.
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3/20/2025 New York’s Condo Laws Can Unlock Value in Office Conversions - Commercial Observer

New York’s extensive inventory of obsolete or distressed office properties has investors and developers thinking big, as we New Yorkers tend to do.
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3/17/2025 Sales, stalls and rentals: What happened to the FiDi condo boom? - The Real Deal

Overpriced units piled up in Lower Manhattan after mistimed development influx.
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3/11/2025 Media titan Byron Allen has sold his Billionaires’ Row condo for $82.5M — and it’s NYC’s priciest deal so far this year - NY Post

Media titan Byron Allen is the toast of Manhattan’s Billionaires’ Row, having just sold his sprawling full-floor apartment at the ultra-exclusive 220 Central Park South for $82.5 million — marking the biggest sale in the city so far in 2025, The Post has learned.
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3/6/2025 Tracking Manhattan Apartment Prices: It Comes Down to Condos vs. Co-ops - NY Times

Even by New York City standards, the past decade has been a volatile one for Manhattan real estate, from the aftermath of the subprime mortgage crisis, through a deadly pandemic, and into a period of excessive rents and interest rates. It’s tempting to step back and think that buying a home in Manhattan has never been harder.
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2/26/2025 Inside the small, competitive Park Slope condo market - Real Deal

Demand is on the rise as buyers seek entré into highly desired Brownstone Brooklyn
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2/21/2025 This Upper East Side Condo Building Offers Music Lessons And Art Classes - Forbes

Featuring an array of unique amenities, The Harper is a 63-residence condominium building offering a wide range of perks alongside glamorous New York City living.
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2/18/2025 3 Parrots, 1 Shared Wall, 2 Ruptured Lives - New York Times

How noise complaints in a Manhattan co-op led to a $750000 legal settlement and shattered a friendship.
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2/10/2025 The Daily Dirt: Bill seeks to breathe some life back into condo conversions - Real Deal

The 2019 Housing Stability and Tenant Protection Act changed the rules around rental to condo/co-op conversions. Before the law, existing tenants had to agree to buy 15 percent of the units for the conversion to move forward. The HSTPA bumped that threshold to 51 percent. The number of conversions quickly plummeted.
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2/5/2025 The Leaning Tower of New York - New Yorker

At the end of the fifth season of “Million Dollar Listing New York,” which aired in 2016, Fredrik Eklund, a Swedish adult-film actor turned real-estate broker, was in the grips of a professional crisis. He was desperate to become the listing agent for a new condominium project called 1 Seaport, and had spent weeks fanatically courting its developers at the Fortis Property Group.
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1/29/2025 Is the stigma of a Trump-branded condo waning in Manhattan? - Real Deal

During Donald Trump’s political rise, his brand took a big hit from left-leaning New Yorkers disgusted by his politics and rhetoric. In his second term, many seem less troubled by the association.
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1/27/2025 At a Deluxe Dining Room on the 100th Floor, a Chef Toils in Obscurity - New York Times

As the chef at 10 Cubed in New York City, Nduvo Salaam prepares dishes that blend his African-Caribbean roots with classic French technique on the 100th floor of Central Park Tower — one of the tallest residential buildings in the world.
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1/22/2025 Macaulay Culkin has sold the NYC loft he bought as a teenager for $7.75M - NY Post

Macaulay Culkin was famously lost in New York — and now he’s just sold a home in New York. The former child star has officially parted ways with his longtime Manhattan loft, selling the Noho property he bought as a teenager for $7.75 million, according to records filed with the city register on Tuesday.
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1/16/2025 Is Kamala Harris Planning Move to New York? VP’s Husband Doug Emhoff Spotted Touring $20K a Month Apartment as Donald Trump’s Inauguration Looms - Realtor.com

Vice President Kamala Harris could well be planning a post-inauguration relocation to Manhattan. Her husband, Doug Emhoff, was seen touring a luxury $20,000-a-month apartment on New York’s Upper West Side, sparking speculation that the couple will trade the White House for the Big Apple.
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1/14/2025 Sci-fi screenwriter lands West Chelsea condo for $11M - Crain's

Award-winning movie maker Akiva Goldsman, who has helped create Star Trek spin-offs, has beamed down in West Chelsea.
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1/10/2025 Many Manhattan councilmembers silent on bill requiring co-ops to explain rejections - Gothamist

For many New Yorkers who want to buy homes, co-op boards are anxiety-inducing — with the endeavor of going before one the culmination of a lengthy and pricey process. Potential buyers face infamously invasive questioning and financial reviews reminiscent of tax audits.
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What's the Biggest Challenge Facing Today's Board? Managers share thoughts on the issues before today's building and HOA leaders.

Related Articles

Assessing Buyer Applications

What Boards Should Look for—& Avoid

Failure to Communicate

The Pitfalls of Poor Connection

New Law Affects Contractor Retainage for Co-ops & Condos

Add Another Item to Boards' List of Things to Worry About

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