What's Your Biggest Management Challenge? Property managers talk about some of the toughest things they face in the course of serving their client communities.

By Cooperator Studio 16 January 2016 Board Operations

Toughest problem or challenge you have faced as a property manager

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An eight-bedroom condo that is perched above Manhattan's Billionaires Row has been listed for a jaw-dropping $90 million—offering a deep-pocketed buyer the chance to own a home in the same building as computer mogul Michael Dell's record-breaking $100.5 million penthouse.
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6/30/2025 Pharma Giant Roche Hires Trump to Sell Swanky Condo - Mother Jones

Donald Trump’s realty firm is representing one of the country’s largest pharmaceutical companies in its effort to offload a $12 million New York condo—an arrangement that represents yet another apparent conflict of interest for the 47th president of the United States.
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6/26/2025 Boutique nine-unit condo building debuts in Long Island City with units starting at $875K - Long Island City Post

Sales have been launched by the full-service real estate agency Charney Brokerage at the new luxury condominium at 40-21 27th St. in Long Island City.
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6/23/2025 Luxury condos for NYC’s 1% are one-upping each other on wellness amenities — from at-home IV cocktails to pet reiki - NY Post

Your grandmother’s building had a doorman. Maybe your parents had a gym. Today’s priciest Manhattan pads, however, are taking a next-level approach to enticing wealthy residents — from at-home IV drips and Botox injections, to floating meditation sessions 500 feet above street level.
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6/20/2025 NYC condo with own speakeasy hits the market for $1.65M - Delaware Business Now

The property is spread across 1,300 square foot with two bedrooms and two and a half bathrooms in the heart of East Williamsburg, Brooklyn.
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6/18/2025 Glitch delays millions of dollars in property-tax rebates for thousands of NYC co-op and condo owners - NY Post

A massive technical glitch has delayed millions of dollars in property-tax rebates involving thousands of city co-op and condo owners. The annoying snafu was triggered by a botched rollout of the city Department of Finance’s new abatement portal, where requests for the rebates are submitted, sources told The Post.
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6/16/2025 Fashion designer and noted hostess lists Tribeca party pad for almost $11M - Crain's

Fashion designer Lela Rose is ready to part with the Tribeca pad where she hosted the massive dinner parties for which she was also known.
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6/11/2025 Former Manhattan DA sells Gramercy Park condo for almost $2 million - Crain's

Manhattan's former top prosecutor has sold his Gramercy Park pad for almost $2 million — about 18% less than what he bought it for six years ago — records show.
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6/9/2025 Health care investor buys condo in converted former hospital on Central Park West - Crain's

Health care-focused private equity investor David Solomon has picked up a condo at a former hospital site on Central Park.
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6/4/2025 New York Launches Innovative Condo Conversion Law - Affordable Housing Finance

A new law has opened the door for owners of certain large mixed-income housing developments to partially convert to condominiums in order to protect at-risk affordable housing units in New York City.
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6/3/2025 New York state budget greenlights more condo conversions, new housing vouchers, but no down payment assistance - Brick Underground

Some New York City renters could gain a path to buying their apartments under legislation passed in the whopping $254 billion New York state budget last month. The budget lowers the number of renters or would-be-buyers that would need to agree to convert some newer, large apartment buildings from rental to condo. It’s one of a handful of initiatives—including a new statewide housing voucher program—that could have major impacts on NYC housing in the coming years.
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5/30/2025 VITA Launches Sales on 9th Avenue as NYC’s Largest Passive House Condo - W42ST.nyc

A new 12-story condo is rising on 9th Avenue — and it’s making big claims. VITA, now launching sales between W37th and W38th Streets, is billed as New York’s largest passive house development, with 121 energy-efficient units aimed at buyers seeking luxury with a lighter footprint.
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5/28/2025 Bravo’s Andy Cohen finds a buyer for his unique $12 million West Village condo - Market Watch

Bravo legend Andy Cohen has found a buyer for his one-of-a-kind New York City condo. Cohen’s fellow reality TV star and close friend Ryan Serhant of “Owning Manhattan” announced on his Instagram stories on May 19 that the sprawling Manhattan property is under contract, eight months after it hit the market.
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5/27/2025 In New York, a $370,000 Renovation Gave an Awkward Living Space Better Flow - Wall Street Journal

Joe McGuier and Megan Prime, co-founders of JAM, a Brooklyn-based architecture and interiors studio, rarely try to talk clients out of a big project. This couple couldn’t decide between apartments in two Fifth Avenue buildings. One had two smaller, but more modern units that JAM would gut and combine into one apartment, the other was a prewar condo that was large, but poorly laid out. McGuier didn’t hesitate to steer them to the simpler project in the prewar building. “The single apartment was already quite spacious, but it had this awkward living-dining room-entry,” he says. “We told them if we combine these rooms, you’ll have an amazing space with six windows overlooking the park.”
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5/23/2025 New York Launches Innovative Condo Conversion Law - Affordable Housing Finance

5/22/2025 New York’s Wealthiest All Want to Live Downtown Now - Wall Street Journal

Nearly a decade ago, financier Harsh Padia and his wife, Purvi Padia, spent $29.1 million for an apartment in Manhattan’s West Village, paying top dollar for a duplex at the 150 Charles Street condominium. In March of this year, they sold the unit for $60 million, more than twice what they paid and a record figure for downtown Manhattan.
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5/15/2025 Condo owners sue over New York skyscraper they say is riddled with ‘thousands of severe cracks’ - CNN

Apartment owners at a luxury New York skyscraper are suing the building’s developers over a “far-reaching fraud” in which they allegedly hid structurally significant defects — including “thousands” of severe cracks on the tower’s facade.
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5/12/2025 220 Central Park three-bedroom trades for $36.5M, a 36% profit - Crain's

Vornado’s contribution to Billionaires Row continues to show strength in the resale marketplace.
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5/9/2025 Manhattan and Brooklyn see rise in number of signed contracts for co-op, condo sales - Crain's

The number of contracts signed for sales of apartments in Manhattan and Brooklyn rose year over year in nearly every price category, according to a new report from Douglas Elliman and Miller Samuel.
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5/7/2025 Marc Holliday Pays $8.4M For Condo In SL Green's Armani Project - BisNow

SL Green Realty only built 10 apartments in its ultra-luxury Giorgio Armani Residences project on Madison Avenue, and its CEO is one of a select few buyers.
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What's Your Biggest Management Challenge? Property managers talk about some of the toughest things they face in the course of serving their client communities.

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