What's the Biggest Mistake Boards Make? Legal pros share some of the more common administrative blunders boards are prone to.

By Cooperator Studio 16 January 2016 Board Operations

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Buildings across New York City are now required to separate trash from compost. The citywide composting rules took effect last fall, but fines only went into effect Tuesday. Owners of buildings with one to eight units face a $25 fine for a first-time offense, and larger buildings face a starting fine of $100.
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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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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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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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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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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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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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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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What's the Biggest Mistake Boards Make? Legal pros share some of the more common administrative blunders boards are prone to.

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