Category: Board Operations

1995 Dec/Jan Is Your Board Carrying Out Its Fiduciary Duty? By Bruce A. Cholst Esq.

One of the most distressing issues confronting board members is how to comply with their fiduciary duty to shareholders and unit owners. Although misconceptions abound as to the precise nature and scope of this obligation, a breach of the f…

News

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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2/18/2026 This historic Syracuse factory just became 38 affordable condos — priced as low as $127,000 - Syracuse.com

Thirty-eight condominiums that each come with a $220,000 state subsidy are up for sale in a former Syracuse factory building that dates to the 1880s.
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2/11/2026 30-story condo will be the tallest building in Greenwich Village - 6sqft

The tallest building in Greenwich Village is moving forward. Construction financing was secured last week for a new luxury condominium at 11 West 13th Street, a planned 30-story tower with 34 residences that will rise well above the neighborhood’s next tallest buildings. Despite backlash from preservationist groups, which filed a zoning challenge with the Department of Buildings, the project is moving ahead, after developers Legion Investment Group and EJS Group secured $190 million in construction financing last week.
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2/10/2026 Luxury New York City Building Fuels Condo Sales—but Residents Will Have To Wait Until Next Year To Move In - Realtor.com

Frigid temperatures may be gripping Manhattan, but the luxury real estate market is anything but frozen. Trophy properties—valued at $10 million and above—led the wave of luxury contracts signed. In total, 36 properties went under contract for the week ending Feb. 8, with 13 being trophy properties, according to the Olshan Realty Luxury Report.
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2/6/2026 Manhattan’s luxury housing market is roaring back toward 2016 peak thanks to Wall Street bonuses - NY Post

Manhattan’s luxury housing market is quietly edging back toward its mid-2010s swagger after a decade marked by excess, collapse and recovery. And this time, the rebound appears to be powered by real money, not just empty supply. New data shows the borough’s priciest homes are nearly back to their 2016 highs, a milestone last seen during the condo boom that reshaped Manhattan’s skyline.
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2/4/2026 NYC’s top deals: Pontiac Land Group sells MoMa tower condo for $30M - Real Deal

There were 222 transactions totaling $354 million filed in New York City records from 4 p.m. on Friday, Jan. 30, through 4 p.m. on Monday, Feb. 2, 2026.
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2/2/2026 My NYC condo flooded during the winter storm — I wish I had these 3 items on hand - NY Post

They don’t make them like they used to. Moving into brand-new construction is always a bit of a gamble, but I never expected to deal with two floods in the first year of living in my Brooklyn condo. That is, until this week’s Polar Vortex swept through, exposing some serious flaws. Lesson learned.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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