The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… eye while scanning the citys listings  A sponsor coop is an apartment being sold by the buildings owner or the … buildings were converted from rental buildings in the 1970s and 1980s Existing tenants had the option to buy their … places can also have higher closing costs than regular units  Consider this your goto guide to sponsor apartments …

By Celia Young |July 24, 2025 - 11:30AM
How to read a NYC co-op or condo building’s financial statement

… an important part of your due diligence is to look at a buildings financial health Your starting point is reading … read So you may be relieved to know that the responsibility for making sense of it will fall largely on your real estate … important given recent changes to borrowing guidelines by Fannie Mae that have curtailed banks willingness to lend if …

By Emily Myers |February 22, 2023 - 3:30PM
Buying a NYC apartment for a retired parent? Here's what to consider

… neighborhood she liked  If you buy a condo for a parent the purchase should be fairly straight forward Condos dont have … sponsor coop is that you dont need board approval for your purchase Many of the citys prewar rental buildings were … by your budget Vargas bought his mothers coop as an allcash purchase because he had the funds and didnt want a loan …

By Emily Myers |July 14, 2021 - 9:30AM