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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4/14/2026 This $16.4 Million N.Y.C. Condo Comes With Sprawling Views of Central Park - Robb Report

When property developer Daniel Grollo and his family relocated from Melbourne, Australia, to New York City in 2012, records indicate he acquired a multi-unit combination apartment on the 21st floor of the Trump Parc building overlooking Central Park for $14.25 million. Records show the following year he dropped $700,000 on a small adjacent unit, and in 2016, ponied up another $2 million for two more small units on the same floor, bringing his total outlay to just under $17.1 million.
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4/10/2026 HGTV design couple has their newest project — a boutique NYC condo that will also be their home - NY Post

Bob and Cortney Novogratz are moving to a modern penthouse in “Dimes Square,” Manhattan’s ever-trendy micro-nabe between the Lower East Side and Chinatown, Gimme Shelter can reveal. But first, they have to build it.
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4/8/2026 Undivided Launches Condo Rating System to Bring Transparency to NYC Luxury Market - CityBiz

Undivided, a boutique New York City residential brokerage specializing in luxury condominiums, has launched the Undivided Value Index, a proprietary building scoring framework designed to give high-net-worth buyers structured, independent analysis of NYC condo buildings before they purchase.
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4/6/2026 New look at Fifth Avenue’s tallest residential tower, 262 Fifth Ave - 6sqft

New renderings of Fifth Avenue’s tallest residential building were released this week as sales kick off at the condominium. Developed by Five Points Development and designed by Meganom, 262 Fifth Avenue is a 52-story tower in Nomad with only 26 full-floor and duplex residences. In addition to new images, the developer launched a teaser website for the building and announced a new sales team from Sotheby’s International Realty.
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4/3/2026 Co-ops and Condos United of NY launches to establish advocacy for homeowners - New York Real Estate Journal

A coalition of co-op and condo owners from across the five boroughs have formed Co-ops and Condos United of NY, a grassroots advocacy group charged with representing the interests of the more than one million New York homeowners who live in this type of housing. Co-ops and Condos United of NY has been established to ensure the voice of this critical community is not left behind. Co-ops and Condos United aims to ensure that this significant constituency has a strong, coordinated voice in legislative and policy discussions at both the city and state levels.
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4/1/2026 HOA Fees Surpass $6K a Year for Millions of Homeowners - Realtor.com

While homeowners know to budget in mortgage payments, there's a not-so-hidden monthly cost that millions are paying, and that cost is increasing—often significantly—each year.
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3/27/2026 Ultra-luxury NYC condo has seen homes languishing for years in the decade since it launched — as it lacks 1 thing other buildings don’t - NY Post

No billionaire, no buzz. For Manhattan’s priciest towers, it often takes just one name to define a building. Ken Griffin did it at 220 Central Park South. Michael Dell helped do it at One57.
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3/26/2026 NYC Faces Possible Strike by 34,000 Doormen, Building Workers - Bloomberg

New York City apartment residents are being put on notice of a potential strike by building staff as soon as next month as the union representing the workers and an advisory board to building owners negotiate a new labor contract.
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3/24/2026 New York City Real Estate Surge: Canadian Investment Fuels Rapid Condo Development Across Brooklyn and Queens, Redefining Travel, Lifestyle and Urban Living - Travel and Tour World

New York City has long been a magnet for international investors, and Canadian buyers are making their presence strongly felt in 2026. Brooklyn and Queens have emerged as the most attractive boroughs for cross-border condo investment.
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3/20/2026 Even NYC Luxury Buyers Are Paying Attention to the Monthlies - Behind the Hedges

How are escalating common charges and insurance costs affecting demand for luxury condos versus co-ops in New York City, and where are buyers drawing the line?
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3/17/2026 $24.8M condo in NYC’s iconic Flatiron Building finds a buyer - New York Post

An 18th-floor residence asking $24.8 million in the Flatiron Building has found a buyer. Built in 1902, the famous, neighborhood-defining landmark at the intersection of Fifth Avenue and Broadway recently converted to 38 residential condos for the first time.
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3/12/2026 Mamdani unveils reforms to NYC’s sidewalk shed rules - 6sqft

While Mayor Zohran Mamdani may disagree with much of former Mayor Eric Adams’ agenda, the two align on one issue: removing New York City’s sidewalk sheds. Last week, the mayor announced a series of new initiatives aimed at removing longstanding scaffolding, with a focus on sidewalk sheds at public housing developments.
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3/11/2026 21-story condo conversion in Tribeca moves ahead - 6sqft

A former city office building in Tribeca that has been vacant for about a decade is one step closer to becoming a luxury residential tower. Manhattan Community Board 1 on Monday approved the expansion and conversion of 101 Franklin Street (formerly 250 Church), which will turn a 17-story 1940s building into a 21-story condominium with 72 apartments. The proposal heads next to the Department of City Planning.
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3/9/2026 Ex-chairman of Walt Disney buys $5M Tribeca condo - Crain's

An ex-Disney chairman has landed in Tribeca, paying $4.9 million for a condo there.
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3/5/2026 A $30M mint-condition NYC residence lists for the first time ever — complete with ‘His’ and ‘Hers’ living rooms - New York Post

A full-floor dwelling at the prestigious 845 Fifth Ave. co-op is on sale for the first time in nearly 60 years, looking nearly untouched from that long-ago era.
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3/3/2026 Billionaire British developer has sold his NYC townhouse for $55M after 6 days for sale - New York Post

British luxury developer Christian Candy and his wife, Emily Crompton-Candy, have sold their Upper East Side townhouse for $55 million after snapping up a condo along Manhattan’s Billionaires’ Row. The couple had purchased this stately limestone property in 2022 for $48 million, undertaking renovations before attempting to flip it for a sizable profit.
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2/27/2026 Dumbo penthouse closes for $16.25M, new record for Brooklyn sponsor condo - 6sqft

A full-floor penthouse at Dumbo’s tallest tower officially closed this week, setting a new record for the borough. Penthouse B at Olympia, a 33-story condo at 30 Front Street, sold for $16.25 million, becoming the highest price-per-square-foot ($3,297) deal ever for a Brooklyn sponsor condo. The home might look familiar; the condo was featured in Spike Lee’s 2025 movie “Highest 2 Lowest” as Denzel Washington’s fictional apartment.
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2/25/2026 New Empire Corp. to build 130 condos on $37.9M Kips Bay assemblage - Crain's

A Midtown developer plans to replace a quartet of low-rise buildings in Kips Bay with a 14-story condo tower, the latest project from a firm that's been active in the neighborhood for years.
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2/23/2026 New condo planned for vacant Chelsea lot next to the High Line - 6sqft

A vacant Chelsea development site once owned by the late New York City developer Brandon Miller has sold for $53 million and will become a new condo building. Adirondack Capital Partners on Monday announced that Toll Brothers purchased the roughly 12,000-square-foot parcel at 118 10th Avenue from Benny Barmapov, with plans to build an 85,000-square-foot condominium. Miller had previously planned a 10-story, 100,000-square-foot office building on the site, according to The Real Deal.
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2/20/2026 NYC’s oldest intact apartment building has listed for $15M - New York Post

A nondescript Gramercy Park walk-up is considered to be Manhattan’s oldest intact apartment building. And now, it’s for sale. The $15 million listing at 129 E. 17th St. would be the first time the historic property has sold in more than two decades, according to city records. Listing agent Haley Hasho of Exodus Capital represents the sellers.
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