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

… If youre looking to buy a coop in New York City the term sponsor unit may have … this your goto guide to sponsor apartments so you know whats involved in buying one … Pro No board approval is … he said … Beware of legal issues with the previous tenant … Renters in NYC have many protections As with any rental unit …

By Celia Young |July 24, 2025 - 11:30AM
What’s a condop? What do I need to know about buying there?

… hallways or laundry rooms What to know about buying or selling a condop in NYC Multiple boards add complexity The … the financial statements is also essential Financing and selling concerns Lenders usually treat condops like coops … which turned up 87 apartments the bulk of which were in Manhattan  Otherwise buyers typically come across a condop …

By Evelyn Battaglia |May 6, 2025 - 10:30AM