13477 Homes for Sale $224,723. 1bd. This sale has been saved by 71 users. m. Sponsor Unit No Board - Riverdale New York Real Estate. 2% in year 2. Sponsor units can sometimes be found in new-development condos, in which case the developer. 67 likes. These units have never been on the market for sale! Now vacant, these apartments hit the market in up-and-coming NYC areas, with flexible financing restrictions allowing buyers to get a good deal on a New York City home. . Compass. Manhattan reported 231 sponsor contracts in March totaling $774M, a nearly 8% increase in aggregate dollar volume from February’s 175 deals. 2 Bed / 1. HDFC Building income restriction will apply. Well, not any more! A sponsor is the person or legal entity responsible for developing a new building or converting a building to a co-op, and a sponsor unit is an apartment bought directly from. 3 bds; 3 ba;477 contracts were signed for sponsor units in NYC. 5 Baths + Terrace Asking: $1,195,000. 2 Bedroom Sponsor unit which has been totally renovated with a brand new kitchen with quartz countertops, white cabinets, tiled floor &. I guess the decision to sell a sponsor unit is within the powers of the board, but I thought that when the board decides to sell a sponsor unit, they are supposed to notify ALL shareholders, so that every shareholder has en equal opportunity to buy that apartment. From time to time, sponsor units come on the market. filing with the department of law does not mean that the department. Platinum Properties is proud to present residence 35A at 75 Wall Street, featuring unobstructed views overlooking the East River. This is why you see bellow that there would be a flip tax of $7k for this unit (350 shares by $20/share). Reload page. TRV67811---. In condo buildings, a sponsor unit is one currently owned by the developer and being put up for sale for the first time. The complete offering terms are in an Offering Plan available from the Sponsor, File No. com1. If you want to buy a co-op in New York City without the intrusive buying experience that they’re known for—a sponsor unit is your best bet. AVAILABLE NOW. 1 bd; 1 ba; 700 sqft - Condo for sale. section 11-243 (J-51) of the New York City Administrative Code or section 421-a of the Real Property Tax Law), the plan must state that the sponsor will use its best efforts to obtain those benefits, and must project the amount, commencement. If so, you will complete and upload the affidavit form. Here are some sponsor unit co-ops that are on the market now: Midtown East studio, $395,000: This gut-renovated studio at 5 Tudor City Pl. No Board Approval needed. Lobis in a case involving 200 East 16th Street. $225,000. Anyone with plans to purchase a sponsor-owned condo or co-op in NYC needs to understand an offering plan. 2 bathrooms. Description. 758 billion — tied up in unsold units, the study found. 111 Cherry Valley Ave #606, Garden City, NY 11530. It's located in 11360, NY. This one-bed, one-bath apartment features historical prewar details and it was renovated last August! This home has western exposures, with city views, and receives generous sunlight throughout the. Sponsor: Madison 33 Owner, LLC, 461 Park Avenue South, 6th Floor, New York, N. FORM TC203 INSTRUCTIONS FOR 2023/24. 7 million closed at $43. To learn more about the discretionary award process and applying for funding, please read City Council's Discretionary Policies and Procedures. This special risk to buying a new construction home in NYC is disclosed in the Special Risks section of the building’s offering plan. $360,000. [2] However, this term can have a different meaning depending on whether […]Sponsor unit bronx. 1 bathrooms. 2 bedrooms. The benefits of buying into a. The OP needs to find out exactly which of units the sponsor owns. . The most critical rooms to spruce up are the kitchen and bathroom. : The new development market reached record heights in April, and managed to kick things up a notch in May. This can be. , between. No warranty. Upper West Side. 2) You’re renting from the sponsor of a co-op or condo building. NO FEE – No Board Approval – Sponsor unit Beautiful fully renovated Studio apartment at 5 Tudor Place. Agent listings. at least 15% of units in contract). Sponsor Units NYC. Below, see the insights we learned from the team based on their years of experience advising New Yorkers in. 8% of the initial mortgage principal (includes a 1. If it is a pre-war building, you will commonly see historic decor, like ornate moldings. Find brooklyn properties for sale at the best price. $315,000. 172 Madison Avenue LE-PENTHOUSE is a sale unit in Midtown South, Manhattan priced at $76,000,000. WELL. Co-op in Forest Hills. " The median monthly rent is about $1,400 for rent-stabilized units, compared with $1,845 for unregulated units, according to a recent city survey. By Jennifer White Karp | July 18, 2023 - 2:30PM. Renters can expect to pay up to 15% of a unit’s first year’s lease to brokers. This can be a tedious process as some co-op boards will require potential sublessees to fill out the same lengthy co-op board application as prospective purchasers in the building. e. StreetEasy is a Real Estate Search Engine for apartments and real estate in Manhattan and New York City. There are many advantages as well as considerations to buying a sponsor unit in NYC. In condo buildings, a sponsor unit is one currently owned by the developer and being put up for sale for the first time. fering plan is the entire offer to sell these condominium units. For sponsor sales, the flip tax is usually paid for by the buyer. For groups of units held as rentals or for commercial units within a residential condominium development that areAlthough New York’s highest court has held that sponsors have an implicit duty to sell enough apartments to make the co-op (or condo) viable as an owner-occupied building, that decision is of little. 1ba. One person $118,680Two persons $135,600Three persons $152,520Please. Today might be your lucky day on your apartment search! Introducing a sponsor unit, Junior 42bedroom at the prestigious The Virginia building. $328,000. NYC Sponsor Units - What You NEED To Know. In a co-op, a sponsor unit is owned either by the original owner or is one the co-op corporation converted from a rental. 5 million. 10016. Office of Teaching Initiatives 89 Washington Avenue Phone: (518 474-4661 Fax: (518) 473-0271 . See a list of these real estate licenses. . units, or lots: (1) the sponsor/successor sponsor(s)/holder(s) of unsold shares learns that theit depends on what is written into the offering plan. Well, not any more! A sponsor is the person or legal entity responsible for developing a new building or converting a building to a co-op, and a sponsor unit is an apartment bought directly from. Harmony, a 16-unit boutique elevator condo building with a fitness center, parking garage, furnished roof deck, storage units, and bike storage. Sponsor Apartment - Upper East Side New York Real Estate. RE: Hefetz to Olivieri Apt. Spacious 1 bedroom 1 bathroom apartment at Rock Hill Terrace in Bayside. Create a unique user ID. Features. Yonkers, Westchester County, NY . Albany, NY 12234 Attn: CTLE Sponsor Unit . Sponsor Unit - Jackson Heights New York Real Estate. Bedford Park Apartments for rent. . 1 bathrooms. 4 baths. A New York sponsor unit Sponsor units are apartments in a co-op where the real estate developer or building owns the unsold shares allocated to the unit. 1 bathrooms-14 days ago Listanza. 930 ft². LISTING BY: ROSE ASSOCIATES, INC. SPONSOR UNIT with NO Board Approval and only 10% down! This spacious and sun-drenched unit features a beautiful kitchen showcasing granite countertops, stainless steel appliances and modern white cabinetry,. Listing by Redfin Real Estate. When the tenant. 2. " In this case, the Taxpayers contracted for the purchase of two residential units (the Primary Unit and the Suite Unit) from the same grantee. Council 212-979-0611. . 8 million, down from $27. Or in the case of a co-op, it is owned by the original owner or the corporation that originally converted rental. The condo is a sponsor unit, so the builder hasn't sold it yet. , #405, is going for $975,000. Modernism Lives in Tribeca. A contrary conclusion would render meaningless the statutory use of the word "individual. 1,400 sq ft. Listing by Brown Harris Stevens Development Marketing LLC, Real Estate Principal Office, 451. sarcasm, conveniently a same line unit, we have to make due with what we have. Sponsor unit westchester. And it is a mistake to sign on the dotted line unless you truly understand the particulars of buying here, such as tax abatements, sponsor units, and the big one: The difference between a co-op and a condo. Just note that while you save on the price, the monthly maintenance of $1,737 is on the high side. 10457, NY. SPONSOR UNIT, No Board Approval Needed, As Easy as buying a condo. Skip Navigation. There are two types of sponsor units you may encounter while browsing real estate in NYC: condo sponsor units and co-op sponsor units. “This could add 1. LISTING BY: EXP REALTY NYC. 1 bedroom, BRONX NY 10457. By CityRealty Staff Thursday, September 16, 2021. condo located at 75 Wall St Unit 35A, New York, NY 10005. In a co-op, a sponsor unit is either owned by the original owner or one that the co-op corporation transformed from a rental. 625% and the City rate remains 0. This one bedroom, one bath is listed for $349,000. This information must be provided toAccording to HCR Fact Sheet #40: Preferential Rents: Pursuant to the Housing Stability & Tenant Protection Act (HSTPA) of 2019, tenants that were paying a preferential rent as of June 14, 2019, retain the preferential rent for the life of the tenancy. 917-734-2231 115 Central Park West - Suite 8A New York, New York 10017 goncharrealestate@gmail. Vacant Market Value - $164,000,000 Jan 14, 2019We have 28 properties for sale listed as sponsor unit jackson heights, from just $310,000. Many of my out of town buyers have often seen 'SPONSOR' unit Co-Ops, I thought it will be helpful to create a post so everyone can understand the difference between a traditional Co-Op and a Sponsored Co-Op apartment. NY. 1 results. By virtue of the fact that these are sponsor units, no board approval is required for these co-ops. Buying a sponsor unit in a converted co-op or condo means that the unit does not need to comply with co-op bylaws such as board approval or right of first refusal. Five NYC Sponsor Units for Sale Right Now. 05% for any property that sells for over $3,000,000. Welcome to the John and Jonathan Sell NYC Podcast, where experienced, expert NYC real estate brokers John Gasdaska and Jonathan Conlon break down what’s happening in the market, what you need to know whether you’re a. Financing Contingency. 2. 825% of the purchase price if the price is over $500K and 1. 8% for loans under $500K and 1. Tricks of the real estate trade are for real, especially in New York City. Between 65th Avenue and 65th Road, Prime Forest Hills location. Each year the New York City Council awards discretionary funds to nonprofit organizations to meet local needs. Mostly, though, stuff just sat, gathering dust. Sponsor units are not common in New York City real estate. LISTING BY: DOUGLAS ELLIMAN. The apartment is located in a prewar co-op building with a 24-hour doorman, a resident super, a laundry room, a bike. A sponsor unit is a co-op unit that belongs to the sponsor, the building’s developer. Sort: Homes for You. at least 15% of units in contract) Contract of sale; Sponsor or developer’s profits; Part two generally consists of, but is not limited to, the. FOR SALE. Amenities include a live-in super, laundry room, bike room, and garage parking. The appeal of these sponsor units is that there is no need to comply with co-op bylaws such as board approval or right of first refusal and other perks of buying directly from a sponsor can be. Roberts says that co-op boards will usually require you to sign an agreement saying you will combine the units in a certain time or face a penalty. So, instead of buying your new apartment from the prior owner, you are buying it from the original developer or corporation who made the building. S. 004 percent of the purchase price (which equals $4 per $1,000 of purchase price). Post-war: The pros and cons of buying in each + Great listings inside (Dec 2, 2021) NYC's top 25 most prestigious condos and amazing homes inside them (Sep 14, 2021)485. The building itself includes an elevator and laundry facilities. ”. $2,517 per ft². Q Our building is 75 percent shareholders, 25 percent sponsor units (renters). Back to Top. Sponsor unit No Board Approval Required First floor 1 bedroom, 1 bathroom apartment at Rocky Hill Terrace in Bayside. If the offering plan represents that the unit owners may or will receive particular tax benefits (e. $369,000. 36 million for three-bedrooms. Pet friendly for rent. 3. 11374, Queens County, New York City, NY . Best and Worst NYC Amenities and Apartment Features. Since owners of co-op apartments are technically tenants vs owners of real property, the board of the co-op corporation which actually owns the building has enormous power over the residents. If you are a self-reporting entity, please enter your address in the ‘Management Company’ box. sponsor unit means you are the first to have bought that unitYou bought it from the developer as opposed to a previous owner. 98-120 Queens Boulevard, Unit 4G. 2 Unit Package. A grown child buying an apartment for a parent presents some unique challenges. UES 300 E 74th St A-Line. this offering plan is the entire offer to sell these condominium units. Interim leases (if the sponsor can rent out any vacant unit before closing) The effective date and closing date (sale is contingent on plan being declared effective, i. This staple 1 bed with 1 and. As New York prepares to roll back COVID restrictions, see new development sponsor listings and buildings (Mar 1, 2022) Pre-war vs. ADUs come in a variety of types, including basement apartments, attic. 600 sqft (on 2. By CityRealty Staff Thursday, September 16, 2021. This unit has a large living room, renovated kitchen and. On March 25, the State of New York Department of Law (DOL) issued a policy memorandum temporarily modifying certain submission requirements for condominium and cooperative offering plans and amendments thereto. This will add a percentage of the purchase price to your closing costs. Sponsor Units NYC, New York, New York. For co-ops,. 765 Bronx River Road UNIT 4J. ft revealed and Sponsor Refused to Refund Deposit if I Cancel the Purchase . 5% to 6% of the purchase price. Forest Hills, York, York County, SC . The contract registration process is managed in PASSPort. 5 Baths + Terrace. The sponsor has been here for 30 years, since 1985. If you’re looking to buy a sponsor co-op in New York City right now, you have more options to choose from, possibly a result of Covid deaths. Through a series of disclosure statement reviews and background checks, HPD’s Integrity Review Unit works to ensure that sponsors are honest, reliable stewards of public resources. Mansion Tax must be paid on all real estate purchases over $1000000. a founder and the vice president of the Council. Ordinarily, the seller pays the New York City and New York State transfers taxes in connection with the sale of an apartment. for a total of $34 million, including this three bedroom with views of Central Park. Featured Rental Unit in East Village 355 East 4th Street #66. 2 Bedroom Sponsor unit which has been totally renovated with a brand new kitchen with quartz countertops, white cabinets, tiled floor &. Upper West Side. Sponsor unit bronx. 765 Bronx River Road UNIT 4J. The Attorney General’s office must accept the offering plan for filing before the sponsor unit can be advertised for sale. New York City co-op buyers who want to skip the board approval process have more sponsor co-op listings to choose from these days. 2 bathrooms. $1,995,000. 2 Bedroom Sponsor unit which has been totally renovated with a brand new kitchen with quartz countertops, white cabinets, tiled floor &. As noted above, prevailing wage affidavits must be filed for properties that have (1) 30 or more residential dwelling units and an average unit assessed value of more than $60,000, or. In mid-July, there were 13 apartments for sale for less than $350,000. 1 bd; 1 ba--sqft - Condo for sale. When you buy a sponsor unit, you’ll often hear that you’re buying “unsold shares. Buying a sponsor co-op means that you’re exempt from co-op board approval, and you can forgo. § 442-H New York Standard Operating Procedures. further explains the pros and cons of the three leading flip tax formulas. Application for Approval as a Continuing Teacher and Leader Education (CTLE). 345 East 80th Street, Unit 15G. Listing by Howard Hanna Coach. Still, the apartment has a large living. $330,000. • Quicker buying process: There’s no board review or interview necessary when buying a sponsor unit, which makes the buying process much quicker and easier. NO FEE – No board approval – Sponsor unit Beautiful fully renovated Studio apartment at 45 Tudor Place. However, with many sponsor units, even when the market favors buyers, the developer will insist on the buyer paying the transfer tax of 1 percent of the purchase price on purchases over $500,000 (or 1. Buying a co-op sponsor unit means you don't need board approval, but you'll likely pay a premium. NYC Real Property Transfer Tax, $ If price $499,999 then 1%. Report. A sponsor unit is an apartment in a building that’s still owned by the original builder/developer of the building (in the case of condos) or an owner of the building. Rare one bedroom Sponsor unit at the Kennedy House! Sun drenched spacious unit has been renovated with all new kitchen and bathroom. A sponsor unit refers to an apartment that is owned or being sold directly by the original developer or builder. Zillow;24. Homebuyers in New York City may be presented with the opportunity to purchase a “sponsor unit,” a type of property unique to New York City real estate. Sunday, September 23rd 2018. Sort: Homes for You. Downtown Apartments for rent. . Manhattan. Basically, a sponsor unit in a condo building is a residence that has been owned by the developer and it’s going up for sale for the first time. 65-05 Yellowstone Boulevard, Unit 3A - Opportunity! 11375, Forest Hills, York, York County, SC. सुने NYC Sponsor Units - What You NEED To Know और seventy-nine अधिक एपिसोड Real Talk NYC Real Estate द्वारा, मुफ्त! कोई साइनअप या इंस्टॉल की आवश्यकता नहीं है। NYC Sponsor Units - What You NEED To Know. Every year, the Rent Guidelines Board, a nine. Newest. New York's highest court, the Court of Appeals, ruled in 211 West 232rd Street Owners Corp. § 442-H New York Standard Operating Procedures. 84-70 -th Street #4S, Kew Gardens, NY 11415. ok, atelier, 42nd and awfully close to the hudson, windy but appealed to an awful lot of bubble buyers. Description. Rent Regulation. 1 Sadore Lane #6L | Yonkers NY 🔑 - SPONSOR UNIT with NO Board Approval and only 10% down! - This spacious and sun-drenched unit features a beautiful kitchen showcasing granite countertops, stainless steel appliances and modern white cabinetry, living room/dining area combination, renovated bath and plenty of closet space. The sponsor units fall under the Emergency Tenant Protection Act (ETPA) of 1974. You step out the door and Riverside Park is right there. New York transfer tax rates depend on the price of the property as well as its location. 75% in year 1 and 3. , #4L, is being offered at $330,000 which is significantly below the current median sales price of $420,000 for two. For all residential transactions from $499,999 and less, New York City collects 1% of the sale price. “Sponsor listings” mostly are found in condo buildings, since. PREWAR 3 BEDROOM CONDO IN PRIME LOCATION WITH DOORMAN MOVE IN READY, SPONSOR SALE, NO BOARD APPLICATIONAPPROVAL BRAND NEW WALL. If you’re lucky, that may be lower, or you may be able to buy a sponsor unit. HPD will award rental assistance to eligible households meeting the population criteria for HRA’s Request for Proposals for the Provision of Congregate Supportive Housing (EPIN: 09617I0006). At 111 West 57th Street, also known as Steinway Tower, which launched sales in 2019, less than half of the 60 units have sold, according to Miller. 2501 Palisade Ave APT H2, Bronx, NY 10463. — sq ft. How can the Attorney General's office help me? A. most of the time, you become like other unit owners. There's an issue and the page could not be loaded. Long Island City, Queens County, New York City, NY . 22 million. Homebuyers in New York City may be presented with the opportunity to purchase a “sponsor unit,” a type of property unique to New York City real estate. $225,000. After all, #LinManuelMiranda was just spotted in the neighborhood looking for locations for the #Hamilton movie! 340 Haven. See a list of these real estate licenses. Sponsor unit queens. 825 W 179th is a beautiful, Hudson River frontage, pre-war, 42 unit. Following a record year for new development sales with 5,000 sponsor units sold, the city’s total sponsor inventory has decreased approximately 7% since February 2021, from 15,000 units to. Calculating the transfer taxes you may pay for a sponsor unit coop purchase can be tricky and beyond the grasp of even many real estate lawyers. THE STATE EDUCATION DEPARTMENT / THE UNIVERSITY OF THE STATE OF NEW YORK / ALBANY, NY 12234 . 2. LARGE 1 BR SPONSOR UNIT WITH GREAT CLOSET SPACE NO APPLICATION & NO BOARD APPROVAL! SOLD AS IS. 5% to 6% of the purchase price. The NYC Real Property Transfer Tax (RPTT) is 1% to 1. New York, NY 10010. . View property. 4 beds. A sponsor unit is an apartment in a co-op or condo that the developer or investor has retained after selling the other units. Developers reported 402 new sponsor contracts, a 26% increase from the month prior and a 35% increase over the same period last year. A sponsor unit at 70 Vestry Street closed for $21. 3 Seller is not a “sponsor” or a nominee of a “sponsor,” or a successor. Tenant Support Specialists conduct proactive outreach to connect tenants in all five NYC boroughs with city programs, legal assistance. Sponsor Unit • Condo. Richard Hopple William Raveis-New York, LLC / 21. Subletting and various purchasing options like gifting, parents buying, co-purchasing, and guarantors are all allowed. Jennifer Realty, 98 NY2d 144, 152-153, that a Coop Sponsor is under an implied duty to sell enough Sponsor Unsold Shares to make its sponsored Cooperative eligible for conventional underlying mortgage financing, and otherwise a viable functioning. Condo in Yorkville at 427 East 90th Street #2B for $1,699,000. COOPERATIVE AND CONDOMINIUM PROPERTY 2023/24. “The [co-op] board doesn’t want two apartments owned separately, the concern being if they are not combined legally they will be combined illegally. In New York City, many rental apartment buildings were converted to condominiums or co-ops. End of matching results. Featured Co-op in Turtle Bay 321 East 43rd Street #410. New York's Housing Stability and Tenant Protection Act of 2019 affects a landlord's ability to convert rental buildings as well as the operation of existing cooperatives and condominiums. Unlike other units owned by individual residents, sponsor units are typically sold or rented directly by the sponsor. . Picture an empty apartment. S,o yes approximately 2% but exactly 1. Time: 1pm - 3pm. SPONSOR UNIT with NO Board Approval and only 10% down! This spacious and sun-drenched unit features a beautiful kitchen showcasing granite countertops, stainless steel appliances and modern white cabinetry, living. 5-bathroom home with gracious proportions. $859,000. $3,000,000. This flip tax is still under the average 1%-2% for most NYC co-ops over $500k. If you have any questions, please. Exceptions include sponsor units that were held aside by the developer after the building. A sponsor is a person or business entity starting a condo or co-op through conversion or as new construction. 825% of the sale price as of this writing. REBA MILLER: A sponsor unit is a residence that is owned by the original titleholder (usually the landlord or developer), who is responsible for converting the rental apartment building into a condominium or a co-op building that is offered for sale. Sponsor units come up more rarely than resale. 2. 10457, NY. Manhattan New York Real Estate (housing market) is made up with Co-ops, Condominiums, Townhouses and Rental Apartments. ↓. Contracting in PASSPort. The Integrity Review process is intended to verify the integrity of individuals and entities seeking to do business with HPD (e. Sponsor Unit - Forest Hills New York Real Estate. 825 West 179th Street, New York, NY, 10033. Sponsor Unit - NO APPROVAL REQUIRED. 2. →. Landing a rent-stabilized apartment in New York City can be a lifeline for renters who would otherwise struggle to afford to live here. State of New York Office of the Attorney General Real Estate Finance Bureau 28 Liberty Street New York, NY 10005. 765 Bronx River Road UNIT 4J. Manhattan. Sold 10/31/22. Sponsor units can be found all over New York City, according to our experts. No-fee rentals. ) 140 WEST 71ST STREET, Upper West Side, NYC - $527,500 - Contract Signed | SPONSOR UNIT, NO BOARD APPROVAL, AND NO FINANCING RESTRICTIONS. A number of units in the building have already entered contract, and remaining availabilities start at $570K for studios, $940K for two-bedrooms, and $1. In the 1980s, when many buildings were converted into co-ops, the original tenants had the option to purchase. September 26, 2023. currently 64 units for sale, tons for rent as well. While median unit price dipped 12% from. Email Us. “This is mainly because New York City and New York State have transfer taxes that will be paid by a purchaser instead of the seller when buying from a sponsor,” says Halstead’s Liao. This top floor unit features. You’ll often encounter more rules in a co-op building vs a condo building. 25 E 83rd St, New York, NY, 10028 - Rare Sponsor Unit Fully Renovated Junior 4, No Board Approval, Unlimited Financing For Sale Manhattan Upper East Side Apartment Co-op 24 Hour Security Guards, Abundant Closets, Central Air Conditioning, Dining Area, Dishwasher, Elevator, Fitness Facility, Hardwood Floors, Laundry Room, Washer DryerView property. AVAILABLE NOW. 425%. CONS: • Higher closing costs: New York City and State have transfer taxes of 1. This can range from freshly constructed new. The median price for a two-bedroom apartment in Midtown East is $1,850,000, based on current listings on StreetEasy. Plus One Accessory Dwelling Unit (ADU) Program. Located at 5 Tudor City Place 5 Tudor City Place, #5818, Manhattan, NY Murray Hill, Midtown East This unit is not currently listed on StreetEasy Other units available in this building: 14 active sales listings | 7 active rental listings studio, 1 bath, 400 ft² Changes in prices and units; Interim leases (if the sponsor can rent out any vacant unit before closing) The effective date and closing date (sale is contingent on plan being declared effective, i. in rare instances, the offering plan allows an investor to purchase bulk and retain sponsor privileges. Marketing for sale Sponsor (& Re-sale) Units in NYC. Buying a coop in NYC takes around 3 months from the time you sign a purchase contract on an apartment. 65-18 Austin Street, Unit 6B. A Chinese investor bought two sponsor units at 111 West 57th St. HOME. Concourse Apartments for rent. When discussing a condo building, a sponsor is the developer. Associated with Compass. unit. 340 West 86th Street, Unit 10B. 2 bedroom 2 bath homes in New York. 1 bd; 1 ba; 900 sqft - Condo for sale. $6,450,000. EXEMPTION FROM FILING UPDATE AMENDMENTS . Which spans 1, 435 interior and 255 exterior square feet, offering 3 bedrooms. For homes with sales prices over $500,000, the tax is 1. holds real estate brokerage licenses in multiple provinces.