What is a NYC Sponsor Apartment - a podcast by Vince Rocco

from 2017-09-05T07:00

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A sponsor apartment is a unit owned by the original owner or corporation responsible for turning a building from a rental into a co-op. Many rental apartment buildings in New York City were converted to co-ops in the 1980s; at the time of conversion, existing tenants had the option to purchase their unit or continue renting. What are the pros and cons of these units?

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