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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12/24/2024 A Super-Rich Spending Spree Boosts New York Luxury Housing - Bloomberg

Even as New York City’s overall residential market had a mediocre year, its ultra-luxury end soared to nearly unprecedented heights.
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12/18/2024 This $1.25M NYC condo boasts unparalleled views of the city’s most popular Christmas attraction - NY Post

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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12/17/2024 What a second Trump presidency could mean for NYC buyers and sellers - Brick Underground

President-elect Donald Trump’s policies could hike construction and renovation costs for New York City condo, co-op, and townhouse buyers and sellers, while easing the tax burden of some New Yorkers under proposed changes to federal taxes.
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12/13/2024 Daniel Neiditch Unveils Atelier Condo's Exclusive Concert Series Featuring Lincoln Center Artists - Newswire

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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12/9/2024 These were Manhattan’s 10 priciest condo projects this year - Real Deal

Naftali Group's 255 East 77th led the pack of projects filed this year, with 62 apartments projected for a $531 million sellout.
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12/6/2024 One High Line penthouse sells for $47M - 6sqft

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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12/2/2024 Extell’s Lincoln Square condo tops Manhattan’s luxury contracts - Real Deal

Unit 52E at 50 West 66th Street was the priciest of 19 homes asking $4 million or more to find buyers last week.
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11/27/2024 Condominium owners turn to increasingly complex lawsuits in push for building renovations - Costar

As condominium developers add more amenities to their buildings to win over buyers, disputes over repairs are becoming increasingly complex, and can lead to lawsuits.
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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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11/20/2024 Toll Brothers JV to Develop NJ Condo Community - Multi-Housing News

Toll Brothers City Living, together with Daiwa House, are set to develop a 73-unit luxury condominium community in West New York, N.J. Toll Brothers will remain in charge of the day-to-day operations upon completion.
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11/15/2024 Red Hook condo owners sue developer, lender over construction defects, fraud - Real Deal

Residents at a troubled Red Hook condo are suing the developer over alleged construction defects and misappropriation of funds.
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11/13/2024 What co-op and condo boards need to know about the federal Corporate Transparency Act - Brick Underground

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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11/11/2024 N.Y. Woman Transforms Her Ordinary Condo Unit into a Medieval Castle: 'My Dream Home' - People

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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11/7/2024 Who Owns the Block: Historic hotel hopes hybrid model spurs comeback - Crain's

One of the many hotels to be wrecked by the pandemic is attempting a comeback with a nod to a neighbor and the past.
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11/4/2024 The creative ways NYC’s avid cyclists store their bikes in their apartments - Brick Underground

New York City apartments can be so cramped some residents have trouble even fitting a bed inside. Yet somehow, the city’s most dedicated cyclists find room to keep their bikes inside (yes, multiple bikes).
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10/31/2024 A $40.5 Million West Village Condo Led Manhattan Housing Market Last Week - Mansion Global

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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10/29/2024 Qatar splurges on plush $9.8M Greenwich Village condo — in latest NYC real estate power move - NY Post

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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10/22/2024 3 key reasons why the owner vs. renter ratio matters when buying a NYC condo or co-op - Brick Underground

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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