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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For $1.25 million, a lucky buyer can avoid Midtown’s notorious Christmas crowds and see the neighborhood’s most glittering attraction right from the comfort of their own home.
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Daniel Neiditch, a visionary leader in luxury real estate, has seamlessly merged his passion for classical music with the refined elegance of the Atelier Condo, one of Manhattan's premier residential towers. Situated along the Hudson River and steps away from Hudson Yards, the Atelier boasts a striking design, combining contemporary aesthetics with unparalleled amenities. Its award-winning lobby, adorned with 20-foot ceilings and gleaming white marble pillars, exudes a timeless grandeur, setting the tone for the building's extraordinary offerings.
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The most expensive Downtown deal of the year belongs to One High Line in Chelsea. According to public records, a penthouse at the Bjarke Ingels-designed condominium on West 18th Street sold for $47 million last month. Last June, the apartment entered contract after asking $52 million. According to CityRealty, Penthouse 36 is the most expensive apartment to sell at One High Line to date; another penthouse at the building asking $49 million entered contract in January but has not closed yet.
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11/25/2024 Tom Clark brushes off claims he lied to committee about purchase of $9M luxury NY condo - CBC

New York Consul General Tom Clark has dismissed claims he pushed the federal government to buy a new $9 million apartment for him in the city, and insists any criticisms he made of the old official residence in New York were comments made in passing to a colleague.
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Time is running out for New York City condo and co-op boards to comply with a federal law meant to target money laundering.
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One New York woman is currently residing in her "dream home" — a replica of a medieval Irish castle! "I always dreamed of living in an old, dark wooden church, or, of course, an actual castle, but there are none to be had, so I decided to build one," Chris McNamee tells PEOPLE exclusively of her condominium unit on Long Island.
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Manhattan’s luxury real-estate market is seeing an uptick in activity, with 26 contracts signed for homes priced at $4 million and above during the week ending Sunday, according to Monday’s report from Olshan Realty.
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The deep-pocketed Qatari government has expanded its already vast NYC real estate portfolio with the acquisition of a $9.8 million condo in the heart of Greenwich Village. Located at 64 University Place, the luxurious 2,600-square-foot residence is a small but significant addition for the Middle Eastern nation, known for its substantial investments around Manhattan.
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10/24/2024 NYC Lost $6.5 Million to Incorrect Tax Breaks for Condos, Co-Ops - Bloomberg Tax

New York City’s Department of Finance improperly gave tax breaks to hundreds of condo and co-op owners that didn’t qualify for the benefits, according to a new audit by city Comptroller Brad Lander.
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10/23/2024 Rudy Giuliani Is Ordered To Hand Over $6.5 Million New York Apartment to Georgia Election Workers He Defamed - Realtor.com

Disgraced former attorney Rudy Giuliani has been ordered by a judge to hand over his $6.5 million Manhattan apartment to two Georgia election workers who successfully sued him for defamation. Giuliani, 80, who previously served as a lawyer for presidential candidate Donald Trump, has been instructed to turn over his New York City home and all of his valuable possessions to Ruby Freeman and Shaye Moss, to whom he owes $148 million in damages.
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If you’re looking to buy a New York City condo or co-op, you might find yourself unknowingly considering a building where investors own—but don’t occupy—many of the other units. But that means you and your attorney have a lot to consider before you sign on the dotted line.
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