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… experts have shared through the years For a certain type of apartment hunter a sponsor coopthat is an apartment that was once a rental and … enough reserve funds required by the bank and sponsor can buy one without passing the coop board making them excellent …
… If youre looking to buy a coop in New York City the term sponsor unit may have … that established the coop There are several advantages to buying this type of apartment the biggest one is that you … down payment of only 10 percent when buying a sponsor coop However you may face higher closing costs because buyers …
… In this edition of Buy Curious we asked Miron Properties broker Cecil Weeks to … to suffer through the coop board application process Are sponsor apartments the answer … THE WISH LIST … I want to buy a coop …
… lease is rentstabilized its very likely that you can still buy the apartment at a discount say our experts though most likely … rent does not cover the carrying cost of the apartment the sponsor is much more motivated to sell at a discounted price …
… For many New York buyers socalled sponsor units are some of the most desirable options in the … the sponsor takes responsibility for selling off the apartments in the building and will often retain a number of …
… be difficult to turn up concrete evidence of a wayward sponsor there are several strategies a savvy board can use … lessthanlegitimate sponsor might overstate the size of the apartments include the exterior walls in the computation of … What do I do The Dos and Donts of a coop board interview Buying preconstruction What to look out for in the offering …
… tells you why you might be the perfect candidate for a sponsor apartment in this weeks Buy Curious … THE WISH LIST … Whats the deal with sponsor …