short job history: What is a SPONSOR UNIT Co-Op Apartment in Manhattan?
- 12/25/08 09:02 AM
New York city Real Estate is made up with Co-ops, Condominiums, Townhouses and Rental Apartments. Many of my out of town buyers have often seen 'SPONSOR' unit Co-Ops, I thought it will be helpful to create a post so everyone can understand the difference between a traditional Co-Op and a Sponsored Co-Op apartment. "Sponsor units have NO BOARD APPROVAL! When an individual or company converts a rental building to a co-op or condo, the first transfer of an apartment, or "sponsor unit" does not require board approval. Sponsor Unit: Apartments that are held as an investment by the sponsor, the original … (4 comments)
New York City Manhattan Real Estate, Bilingual Chinese Speaking Real Estate Agent specialize in Manhattan Condominium market such as Resale Condominiums, New Construction, PreConstruction condos. We work with Oversea foreign buyers, Investors. We Specialize in neighborhoods: Upper West Side, Chelsea, Midtown West, Midtown East, Greenwich Village, Soho, Union Square, Financial District in Manhattan, Williamsburg Brooklyn and Long Island City Queens.
New York city Real Estate is made up with Co-ops, Condominiums, Townhouses and Rental Apartments.
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