sponsor unit

Sponsor co-op apartment, #3D at 201 East 23rd St. in Kips Bay, asking $1.325 million
Co-ops
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… for many buyers Most coop buildings were converted from rental buildings in the 1970s and 1980s Existing tenants had the option to buy their apartments or keep renting If a tenant didnt buy the sponsor retained ownership of the apartment and continued renting it to the tenant When the tenant moves out and the …

By Celia Young |July 24, 2025 - 11:30AM
A financial statement offers a snapshot of a co-op or condo building's financial health. Here are some of the key things to look for
Sales Market
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By Emily Myers |February 22, 2023 - 3:30PM
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Co-ops
5 NYC sponsor co-ops for sale under $360,000
By Austin Havens-Bowen |April 6, 2022 - 2:30PM
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New Construction + Condos
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Non-Traditional Buyers
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By Emily Myers |July 14, 2021 - 9:30AM
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Buy
Here are 5 sponsor co-ops for sale under $1,000,000
By Austin Havens-Bowen |March 24, 2021 - 1:30PM
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Co-ops
An increase in NYC sponsor co-ops for sale is likely a result of Covid deaths
By Emily Myers |February 16, 2021 - 9:30PM
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Co-ops
A renovated Chelsea one bedroom for $895,000, no board approval required
By Austin Havens-Bowen |March 6, 2020 - 10:00AM
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Co-ops
The pros and cons of buying a sponsor unit in NYC
By Emily Myers |February 26, 2020 - 12:00PM