RECOMMENDED IN RENT
RECOMMENDED IN BUY
RECOMMENDED IN SELL
RECOMMENDED IN IMPROVE
sponsor unit
Buying a co-op sponsor unit means you don't need board approval, but you'll likely pay a premium
… have to wait for the review of your board package and an interview With a sponsor apartment you will still need to … 1425 percent on purchases of $500000 or more plus theres a 04 percent state transfer tax This may be negotiable when it …
Buying a furnished new condo means you don't wait months for a couch delivery
… an entire place and dont have time to wait are buying fully furnished condos at new developments Its a twist on the old way of doing things Buying a furnished resale apartment is the usual but rare way to get … be necessarily new or styled The attraction of buying a furnished sponsor unit is that the furniture has been …
Pros and cons of buying a sponsor unit
… entire building Typically these apartments are easier to buy than other coops but there are some advantages and disadvantages to be aware of here For starters When you buy a sponsor coop you wont be dealing with a resale owner … owned by the original owner of the building or a property company that has come in more recently and bought and …