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Buying a Sponsor Unit In a Prewar Co-op Q What should a buyer be aware of when purchasing a sponsor unit in a prewar co-op?
Mr. Zimlichman took a quick look at his place, No. 6N, an unrenovated sponsor unit.
Q I want to refinance my co-op, which was bought as a sponsor unit.
Management is stating that I am still a "sponsor unit" or "holder of unsold shares".
The sponsor unit was listed at $399,000, with maintenance in the mid-$800s.
But a sponsor unit for $179,000 was available on the top floor.
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But the building had a high percentage of renters and sponsor units.
The team of Alexa Lambert and Sean Turner of Stribling & Associates coordinated the sales of the sponsor units.
14A and 14C, were all owned by one seller, who bought them as sponsor units but never actually combined them.
Ms. Brocone also represents 210 Central Park South, a co-op building where some sponsor units are rented out.
Many are sponsor units that were recently renovated, in buildings where renters still make up a majority of the residents.
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