What's the Toughest Problem Facing Your Board? Board members share some of the issues they and their communities are navigating.

By Cooperator Studio 16 January 2016 Board Operations

The toughest problem or challenge boards face

Share Twitter Facebook Pinterest LinkedIn Tumblr Email

Businessman blows whistle loudly while pointing, signaling to alert others. Concept of business whistleblower, exposes illegal activities within organization by disclosing information to public

When Boards Go Bad

Handling Breaches of Fiduciary Duty

Reduce CO2 emissions to limit climate change and global warming. Low greenhouse gas levels, decarbonize, net zero carbon dioxide footprint. Abstract minimalist design, cutout paper, green background.

Local Law 97 Deadline is Coming

Noncompliance Can Cost Your Building Thousands

Mature successful boss happy with achievement talking on phone inside office, senior lawyer consulting clients on phone, businessman wearing glasses in business suit, man at workplace standing.

The President’s Role

Communication, Leadership, & Commitment

News

1/29/2026 Four condos at Madison Avenue building enter contract, one tops Manhattan luxury sales - Crain's

Four condos in the same Upper East Side residential building went into contract last week, with one emerging as the week's priciest deal across Manhattan, according to Olshan Realty's weekly luxury market report.
Read full story

1/28/2026 Jose Cuervo Heir Lists Versailles-Inspired Manhattan Condo for $75 Million - Mansion Global

An heir to the Jose Cuervo fortune has officially decided to part with his apartment at Manhattan’s 432 Park Avenue.
Read full story

1/27/2026 Inside the first home to list for sale at NYC’s famed Flatiron Building - NY Post

For the first time in 124 years, New Yorkers can call the Flatiron Building home. The historic conversion of New York’s most-photographed landmark into luxury condominiums culminated it its first-ever residential listing over the weekend, The Post has learned.
Read full story

1/26/2026 A cut above: why the Diamond Condo is NYC’s brightest gem - Real Deal

In the heart of NYC’s Financial District, a nineteenth-century gem has been cut and polished into the city’s most exclusive residence. The Diamond Condo, a converted ten-story former skyscraper, pays homage to old New York. Built in 1892, the structure once served as the Diamond Exchange, where nearly every precious stone entering the US was traded.
Read full story

1/22/2026 $24 Million Luxury New York City Condo in Iconic Central Park Building Sells After Only 3 Months - Realtor.com

The second full week of 2026 proved notable for Manhattan’s luxury home market, with an eight-figure sale at the iconic Dakota leading the way. At least 22 residential contracts at $4 million and above were signed for the week of Jan. 12 to 18, according to the Olshan Luxury Market Report. That’s two more than the previous week.
Read full story

1/20/2026 NYC’s 10 best-selling residential buildings of 2025 - 6sqft

CityRealty has released its annual report highlighting New York City’s best-selling residential buildings of the year. In 2025, Manhattan recorded just over 11,000 signed residential contracts, with the overall average last asking price at $2.32 million and the average price per square foot across all property types at $1,636. Many of the top-selling buildings have been on the market for several years and are nearing sellout. Across New York City, some of the fastest-selling developments include One Domino Square, 255 East 77th Street, and 140 Jane Street, among others, which together accounted for nearly 100 signed contracts in 2025.
Read full story

1/14/2026 Trucks of Art returns: DSNY invites artists to decorate NYC garbage trucks - 6sqft

Back for the first time since 2022, New York City’s Department of Sanitation (DSNY) is inviting artists to paint vibrant murals on its garbage trucks. As part of their “Trucks of Art” zero-waste initiative, the agency adorns the sides of its 46,000-pound garbage trucks with traveling works of art using leftover household paints that would otherwise end up in landfills. Applications are being accepted until February 8 at 11:59 p.m., with the trucks expected to be painted in April.
Read full story

1/13/2026 $18.25 Million Condo in World’s Skinniest Building Leads Luxury Sales in New York City as Wealthy Buyers Return to Market After Holiday Slowdown - Realtor.com

The first full week of 2026 marked a resurgence in luxury home purchases in Manhattan after a festive-season slowdown, led by the city's top residential sale at the world's skinniest skyscraper. Overall, the first full week of the new year in the Big Apple saw 20 residential contracts at $4 million and above, according to the Olshan Luxury Market Report. That’s seven more compared to the previous shortened New Year's week.
Read full story

1/12/2026 Queens Condo Project Sees $125M Loan - Multi-Housing News

RJ Capital Holdings has received a $125 million refinancing loan for a 10-story, 241-unit luxury condominium development taking shape at 70-28 Grand Central Parkway, in the Forest Hills neighborhood of Queens, NY.
Read full story

1/7/2026 All-cash deals for NYC homes reached a record high in 2025 - New York Post

Cash is king when it comes to buying a home in notoriously pricey — and competitive — New York City. An unprecedented 64% of Manhattan’s condos and co-ops sold in 2025 went to all-cash buyers, according to a new report released by Douglas Elliman, leaving buyers dependent on mortgages out in the cold.
Read full story

1/5/2026 Zohran Mamdani Takes Office With a Housing Mandate - Realtor.com

As the ball drops in Times Square, Mayor-elect Zohran Mamdani will ring in the new year in a private swearing-in at the long-shuttered Old City Hall subway station beneath City Hall, just as the clock turns to Jan. 1, 2026.
Read full story

12/24/2025 2025 in Review: New York City’s Most Expensive Home Sales - Behind the Hedges

The top 10 most expensive residential sales that closed in New York City in 2025 has been revealed thanks to PropertyShark‘s year-end analysis.
Read full story

12/22/2025 Downtown Manhattan just saw its first $100M-plus home sale in history - NY Post

A waterfront West Village condominium still under construction just changed the game for downtown Manhattan.
Read full story

12/18/2025 NYC Condo Real Estate Lawyer Peter Zinkovetsky, Esq. Discusses Hidden Costs in Condo Purchases - USA Today

In the dynamic world of New York City real estate, the appeal of condominium ownership is strong: low maintenance, convenient locations, and the security of property investment. However, many buyers remain unaware of the financial burdens that can arise unexpectedly after closing. NYC condo real estate lawyer Peter Zinkovetsky, Esq. of Avenue Law Firm, is raising awareness about special assessments, often-overlooked fees that can significantly impact a buyer’s financial outlook.
Read full story

12/15/2025 NYC ‘first luxury spa condo’ residents fume as board funnels $500K to member’s pad for ‘water damage’ - New York Post

Well-heeled residents of New York’s “first luxury spa condominium” are fuming after finding out one of their neighbors got a nearly $500,000 payment from the building to revamp her massive, multi-million dollar apartment, The Post has learned.
Read full story

12/12/2025 NYC’s top deals: Tribeca pads lead priciest resi sales - Real Deal

There were 209 transactions totaling $324 million recorded in New York City over the 24 hours before 4:00 p.m. on Thursday, Dec. 11, 2025.
Read full story

12/10/2025 Moroccan filmmaker and heiress lists Trump tower condo for $7M - Crain's

A documentary filmmaker and heiress to an African banking fortune is looking to sell at a Trump development.
Read full story

12/5/2025 Extell scores "it" condo in 2025 comeback - Crain's

Manhattan may have a new “it” condo. If Zeckendorf Development’s 15 Central Park West was the hot spot of the early aughts and Vornado Realty Trust’s 220 Central Park South was the star of the 2010s, Extell Development’s new West 66th Street project has the spotlight now.
Read full story

12/1/2025 Historic Lower Manhattan Building Gets New Life as Luxury Condos - Multi-Housing News

Developer Diamond Lane LLC has converted 14 Maiden Lane, a 10-story skyscraper in Manhattan, into nine full-floor condos. The 10-story historic building in Lower Manhattan was one of New York City’s earliest skyscrapers and served as the former Diamond Exchange. Prices for the condominiums, which average about 1,300 square feet, will start at approximately $2.6 million, according to NYR.com, the building’s sales agent. The development team also includes Morali Architects, structural engineering firm Kiefer & Schuster Engineering and A&D Engineering, which provides MEP engineering services.
Read full story

11/26/2025 Art Collector Sells $28.38 Million Ritz-Carlton New York Condo—With All the Proceeds Going to Charity - Mansion Global

Philanthropist Roger Sant has found a buyer for his high-rise condo directly across the street from Manhattan’s Central Park, and the $28.38 million in proceeds will be donated to the Sant family’s Summit Foundation.
Read full story

Show more news

Recent Articles

Who Can Serve on a Co-op or Condo Board?

Streamlining Access for Repairs & Improvements

Q&A: Leveraging Proxy Votes

Q&A: Board Influence Over Renters

Snow & Ice Management