Sponsor units are a special category of apartments unique to New York City. Your attorney will provide this and detail some important protections you must know before deciding to buy. At 30 Park Place — a Four Seasons-branded residence where units are listed for sale at roughly $4,000 per square foot — more than eighty of the building’s 157 units have been listed for rent. CD# 14. Memos will be released regularly and will provide the public with accessible, useful information on. Find out about Sponsor Units before they go on the market! Tell us a bit more about you. of Finance Letter Rulings 944403, 944496, 984736 and 994756. New York City, NY . $375,000. Upper East Side. licensed real estate brokers licensed to do business in. There's lots of new development in West Chelsea, including One High Line, which opened this year and has a one-bedroom sponsor unit for $2. For condos, a developer may retain a sponsor unit. There are two types of sponsor units you may encounter while browsing real estate in NYC: condo sponsor units and co-op sponsor units. 1 bedroom in Forest Hills NY 11375. We have 204 properties for sale listed as sponsor unit flushing, from just $175,000. Q&A: Co-op Rules v. 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. $360,000. A world-class condominium tower located in Tribeca and developed by a partnership of Fisher Brothers, Witkoff, and New Valley, 111 Murray Street soars some 800 feet, offering 157 residences ranging from one-bedrooms to full-floor penthouses, many with cinematic views of the Manhattan skyline,. 10075, Upper East Side, Manhattan Community Board 8, New York County, New York City, NY. . Find yonkers properties for sale at the best price. Downtown Apartments for rent. Marketing for sale Sponsor (& Re-sale) Units in NYC. Just note that while you save on the price, the monthly maintenance of $1,737 is on the high side. NYC Sponsor Units - What You NEED To Know. Spacious 1 bedroom 1 bathroom apartment at Rock Hill Terrace in Bayside. Sponsor Unit - NO APPROVAL REQUIRED. 2 Bedroom Sponsor unit which has been totally renovated with a brand new kitchen with quartz countertops, white cabinets, tiled floor &. 65% for properties over $3 million. An offering plan is from the formation of the building. Building for sale! This lovely 5 story townhouse in the heart of Manhattan is perfect for conversion to 1-family home. The 4,600-square-foot unit had an asking price of $13. 5-bathroom home with gracious proportions. Close to shopping, bus to main street, LIRR station and Bell Boulevard. This will add a percentage of the purchase price to your closing costs. Sponsor Unit • Condo. Five NYC Sponsor Units for Sale Right Now. Forest Hills, York, York County, SC . The median price for a two-bedroom apartment in Midtown East is $1,850,000, based on current listings on StreetEasy. Work with a local attorney who is familiar with New York City’s changing rental laws, which went through a major update in 2019 affecting. I was in contract for a $450K studio but then Board declined my application. $2,517 per ft². NO FEE – No Board Approval – Sponsor unit Beautiful fully renovated Studio apartment at 5 Tudor Place. 2 bds; 1 ba;. Save article. $1,895,000. Large 1 br sponsor unit with great closet space no application & no board approval! Sold as is. 2 bedrooms. It discusses what sponsor units are, who sponsors them, and the adv. What is a Sponsor Unit? It's important to understand the definition of a sponsor unit and how it's somewhat different from a brand-new co-op or condo apartment that becomes available on the market. New developments are technically sponsor units, but NYC brokers don’t refer to them as such – they’re just called new developments. If it is a pre-war building, you will commonly see historic decor, like ornate moldings. Depending on the individual sponsor, the financial requirements are usually very lenient compared with that of a non-sponsor apartment. New York Home values; Sellers guide; Selling options. Albany, NY 12234 Attn: CTLE Sponsor Unit . 11201, DUMBO, Kings County, New York City, NY . 4% for homes sold under $500,000, 1. Listing by: Rye Port Real Estate, Inc. Rent regulation is a very real government policy (in select US cities like NYC) designed to provide affordable housing and protect against the displacement of low-income residents. A Rare find in the center of Riverdale, Top Floor, sponsor unit with NO BOARD APPROVAL! This is a TOP FLOOR, sunny, airy, large, renovated 2. A sponsor can sell all remaining sponsor units as a bundle to another sponsor, coupled with all other sponsor rights/responsibilities in the building. StreetEasy is a Real Estate Search Engine for apartments and real estate in Manhattan and New York City. 110-38 64th Ave #36/35B, Forest Hills, NY 11375. NEW - 1 DAY AGO. For homes with sales prices over $500,000, the tax is 1. 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. State of New York Office of the Attorney General Real Estate Finance Bureau 28 Liberty Street New York, NY 10005. (Canada), Inc. Bring your contractor to transform this spacious SPONSOR apartment into a remarkable home! The windowed kitchen and large living room + dining area and large bedroom make this an exceptional. 5 bedrooms. Loading. . 13328 Homes for Sale $220,095. Zillow has 200 homes for sale in New York matching Sponsor No Board. There may be case by case downsides but your lawyer will advise you. Skip to main content. If a tenant didn’t buy, the sponsor of the co-op conversion, usually the building owner, retained ownership of the apartment and continued renting it to the tenant. LISTING BY: ERA INSITE REALTY SERVICES. The state passed new transfer taxes in April 2019. 25 Tudor City Place #617. AVAILABLE NOW. Sponsor Unit - Forest Hills New York Real Estate. 525 West 235th Street, Bronx, NY. Receive new listings by email. Right of Refusal Contingency. $2,081,000. $299,000. Manhattan reported 231 sponsor contracts in March totaling $774M, a nearly 8% increase in aggregate dollar volume from February’s 175 deals. We’ll teach you everything you need to. J. Board Approval Contingency. The. The New York City Real Property Transfer Tax is 1% of the price if the value is $500,000 or less, or 1. UES 300 E 74th St A-Line. Even a berth on Billionaires’ Row can be had, courtesy of Carnegie Tower, a 317-unit postwar co-op at 100 West 57th Street. 4 baths. Between 65th Avenue and 65th Road, Prime Forest Hills location. When you’re buying a co. Get To Know. k. The current entity status is Active (current) The registered business location is at 300 Riverdale Drive, Apt 12B, New York,. Well maintained 1 bedroom apartment, 800 sf with hard wood floors. 2 beds. 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. Sponsor units in NYC are more commonly found in co-op buildings that once operated as rental properties. CONS: • Higher closing costs: New York City and State have transfer taxes of 1. The contract registration process is managed in PASSPort. Central Park Tower, where a sponsor unit originally listed for $63. Buying a coop in NYC takes around 3 months from the time you sign a purchase contract on an apartment. 425 to 1. Browse online today!. Since #3A is a sponsor sale, the buyer would pay the flip tax there and legal fees. Associated with Compass. 425%. marketing - portfolio of 162 unsold sponsor co-op units in queens. The sponsor has been here for 30 years, since 1985. Description Located in the heart of the culturally rich, close-knit community of Astoria, Queens. 28 likes, 0 comments - sponsorunitsnyc on April 18, 2022: "😍 #ParkSlope views from 9th floor #SponsorUnit. 1 bedroom, BRONX NY 10457. Among more than 16,200 new condo units built since 2013 in New York City, roughly 4,100, or one in four, remain unsold. NO FEE – No Board Approval – Sponsor unit Beautiful fully renovated Studio apartment at 5 Tudor Place. 1 Bed. i've never heard of a sponsor paying the flip-tax when selling. Developers reported 402 new sponsor contracts, a 26% increase from the month prior and a 35% increase over the same period last year. It can also mean higher closing costs, however, and, in the case of co-ops. 4 percent state transfer. My question is, doesn’t everyone in the building, shareholders and sponsor units. Upper West Side. 1 bd; 1 ba--sqft - Condo for sale. 425% for sales of $500k or more. (1) Sponsor means any person, partnership, joint venture, corporation, company, trust, association or other entity who makes or takes part in a public offering or sale, in or from the State of New York, of securities consisting primarily of shares or participation interests or investments in real estate, including condominium units and other cooperative interests. Unfortunately, there is also a NY State transfer tax. Cash offers preferred. The apartment is located in a prewar co-op building with a 24-hour doorman, a resident super, a laundry room, a bike. In NYC real estate, a listing being labeled “sponsor unit” means the apartment is on the market for the first time. Or in the case of a co-op, it is owned by the original owner or the corporation that originally converted rental units into co-ops. currently 64 units for sale, tons for rent as well. New York City’s Department of Housing Preservation and Development (HPD) has announced a new pilot program to help homeowners add an extra apartment. LISTING BY: EXP REALTY NYC. 10457, NY. Get To Know. 2 bedroom 2 bath homes in New York. 4% of the sales price for properties below $3 million, and 0. 4%. Zillow;We have 16 properties for sale listed as sponsor unit yonkers, from just $135,000. Stefano Ukmar for The New York Times. Agent listings. new york, ny 10022. This highly competitive and unique market requires buyers to step up their game to score a home. In March, according to StreetEasy, a four-bedroom on the 22nd floor was the condo’s least-expensive unit, at $6. There are many advantages as well as considerations to buying a sponsor unit in NYC. 5 Tudor City Place UNIT 907, New York, NY 10007. CONTACT. 3 bedrooms. Featured Co-op in Turtle Bay 321 East 43rd Street #410. , located at 111 Fifth Avenue, New York, New York 11214 or emailed to [email protected], you're right. Sponsor unit westchester. Featured Rental Unit in Upper West Side 2250 Broadway #4C. 13310 Homes for Sale $175,622. How can the Attorney General's office help me? A. Apartment is being offered with a lease ending April 30, 2019 – last month rent will be free. Contracting in PASSPort. Who owns it, then? The building, typically. 5 results. Which spans 1, 435 interior and 255 exterior square feet, offering 3 bedrooms. A condo offering plan is a disclosure document that lays out the terms under which a sponsor, that is, the owner of the property, can sell you a condo (or parking space or storage bin). Sales Market. Pay a premium price for the. Listings from Canal Street to West 30th Street are selling at a median price of $2,010 per square foot, with Noho having the highest median prices ( $5. No-fee rentals. After all, Cooperative is our middle name! Call us at (202) 349-7455 or email Ryan Greer rgreer@ncb. . Sponsor units come up more rarely than resale. 2 Bedroom Sponsor unit which has been totally renovated with a brand new kitchen with quartz countertops, white cabinets, tiled floor &. Once approvals from the state attorney general and DOF Tax Map Unit are received, the condo-within-a-condo will be recorded as normal in ACRIS. NYC NEW DEVELOPMENTS REPORT 26% MORE SPONSOR CONTRACTS IN FEBRUARY 2022; QUEENS IS GAINING AN EDGE. 4 baths. 1 bedrooms. LISTING BY: BROWN HARRIS STEVENS. Landlords are looking for other ways to access the money tied up in their real estate now that stabilized apartments cannot be deregulated. SE has a sponsor unit search. A Rare find in the center of Riverdale, Top Floor, sponsor unit with NO BOARD APPROVAL! This is a TOP FLOOR, sunny, airy, large, renovated 2. August 27, 2020. Sponsors reported 259 deals city-wide, up from 192 in July, which puts the market in sync with pre-pandemic norms. Come see our magnificent 2 bedroom, sponsor unit. , #B5, Forest Hills. Rental Unit in Lenox Hill at 220 East 78th Street #23 for $2,850. Most Common Contingencies in NYC Real Estate Purchase Contracts. The risk of buying into a new development condo building with unsold units is that your apartment's value may decline. 110-38 64th Ave #36/35B, Forest Hills, NY 11375. What distinguishes a sponsor unit from other apartments is that they have never been sold before. Rental Unit in East Village at 355 East 4th Street #66 for $4,000. So if the loan amount is conforming — up to $970,800 in New York City — then it’s possible to get as much as 97% financing, she says. . 4 bathrooms. : The new development market reached record heights in April, and managed to kick things up a notch in May. So if the loan amount is conforming — up to $970,800 in New York City — then it’s possible to get as much as 97% financing, she says. It could be an additional $5,000 to $10,000 that you did. 5 Sadore Lane, Unit 6K, Yonkers, NY 10710 is a co-op listed for sale at $310,000. Sponsor’s lawyer costs usually involve a flat fee, ranging anywhere from $2,000 to $3,000 on average. , as developers or contractors). Which areas are you interesed in: Chelsea / Downtown. UES 300 E 74th St A-Line. How does one tell whether the sponsor still owns units in a COOP? Also, how do you find out the real name of the sponsor?But the pandemic has ravaged New York City’s real estate market and its premier, $25 billion development, raising significant questions about the future of Hudson Yards. New development contracts increased 35% in August 2022. 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. Find flushing properties for sale at the best price. 3777 Independence Ave APT 12K, Bronx, NY 10463. July 1, 2021. . One person $118,680Two persons $135,600Three persons $152,520Please. However, an RPIE must be. Concourse Apartments for rent. There are many types of apartments in NYC for home buyers and renters to choose from. If price > $499,999 then 1. . No-fee rentals. 2. Zillow;Attorney Eric Goidel, senior partner with the New York-based law firm of Borah, Goldstein, Altschuler, Nahins & Goidel, P. Please contact the listing agent to schedule an appointment. In most cases, sponsor units are found in new condos. Additionally, the buyer’s lender usually pays 0. Rising interest from overseas investors should put homegrown NYC buyers on alert. $285,000 . STUNNING VIEWS One of the most desirable towers in Midtown East’s stately Tudor City complex, this 24-hour doorman building is equipped with on-site laundry and a 2,000-square-foot, recently updated gym with river views. Buying from Sponsor Transfer taxes and seller’s attorney fees become the responsibility of the buyer when buying a sponsor unit. The business entity was initially filed on June 29, 2022. Unlike other units owned by individual residents, sponsor units are typically sold or rented directly by the sponsor. 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. Also not eligible: sponsor units; units owned by a business (LLC); pieds-à-terre; units being rented out; and properties already receiving certain government assistance or subsidies, such as a Housing Development Fund Corporation or a Mitchell-Lama building, among other types. $34,500. Skip to main content Fulltext search FILTER RESULTS BY:. This can range from freshly constructed new. Q. 9 million. This staple 1 bed with 1 and. Find your next New York apartment or penthouse today. Upper Manhattan (above 110th St) All of Manhattan. Figuring out your home’s estimated market value is a cinch with the StreetEasy Valuation tool. Richard Hopple William Raveis-New York, LLC / 21. LARGE 1 BR SPONSOR UNIT WITH GREAT CLOSET SPACE NO APPLICATION & NO BOARD APPROVAL! SOLD AS IS. The median price for a two-bedroom apartment in Midtown East is $1,850,000, based on current listings on StreetEasy. Listing by Howard Hanna Coach. 425%. 13 views, 3 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from Sponsor Units NYC: Take advantage of this rare opportunity to #renovate a #SponsorUnit to your liking by going into. Unit 9S sold to an anonymous buyer listed as “70 Vestry LLC,” according to records filed with New York City’s Department of Finance. 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 before it went co-op, who still holds “unsold” co-op shares. It is a mistake to sign on the dotted line unless you truly understand the particulars of buying in New York City, such as tax abatements, sponsor units, and the big one: The difference between a co-op and a condo. com, there are 31 co-op sponsor units currently up for grabs in Manhattan, ranging from a $359,000 Midtown West studio to a $19 million three-bedroom in Lenox Hill. 2 bedrooms. Schedule and attend closing. 2 bedrooms. Find great neck properties for sale at the best price. This large and bright 2Br/1. 449. Manhattan New York Real Estate (housing market) is made up with Co-ops, Condominiums, Townhouses and Rental Apartments. e. No board approval required; Tend to be renovated; Cons of buying sponsor unit in NYC. Vacant Market Value - $164,000,000 Jan 14, 2019We have 28 properties for sale listed as sponsor unit jackson heights, from just $310,000. Find apartments with purposes only sponsor in Manhattan | 39 Sales. $369,000. The short answer: it’s an apartment that has never been sold. The sponsor units fall under the Emergency Tenant Protection Act (ETPA) of 1974. Zillow has 149 homes for sale in Jackson Heights New York matching Coop Apartment. 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. HDFC Building income restriction will apply. More. 3, 2022 - PRLog -- Some of the beautiful Units that the Sponsor is looking to sell include Unit PH7, Unit 1201, Unit 912 and Unit 404. 1 bathrooms. coop . The development announced today is part of Governor Hochul's $25 billion comprehensive Housing Plan that will create or preserve 100,000 affordable homes across New York, including 10,000 with supportive services for vulnerable populations, plus the electrification of an additional 50,000 homes. Long Island City, Queens County, New York City, NY . Buyer closing costs are higher for condos vs. 1 day on Zillow. Sponsor Unit No Board Approval Required! Last month free rent. A sponsor unit is an apartment in a co-op or condo that the developer or investor has retained after selling the other units. RE: Hefetz to Olivieri Apt. They're back: NYC buyers can expect more competition from foreign investors in 2023. Enter your name and the name of the management company. Sponsor reserves the right to make changes in accordance with the terms of the offering plan. Rental Unit in Upper West Side at 2250 Broadway #4C for $4,700. 11206, Kings County, New York City, NY . A buyer who wants to reside in the building but does not want to own an apartment held by someone else directly might purchase the sponsor unit (direct ownership). LISTING BY: YCL REAL ESTATE CONSULTING GROUP LLC. A three-bedroom condo at 520 Park Avenue has sold for $36 million — or $7,778 per square foot. Please contact the listing agent to schedule an appointment. Check the list of developments to see if your development is required to submit the prevailing wage affidavit. Newest. 240 E 76th St #15KL, New York, NY 10021. By CityRealty Staff Thursday, September 16, 2021. New York City’s affordable HDFC co-ops, explained Everything you need to know about HDFC co-ops, one path to affordable homeownership in New York City By Emily Nonko Mar 25, 2020, 8:56am EDTIn this week’s Buy Curious, guest broker Eydie Saleh of Mirador Real Estate shares her intel on co-op sponsor units so you can determine whether they may or may not turn you into a homeowner after all. 110-15 71 Road #2E. For 2-year renewals, the landlord can increase the rent 2. The main advantage of buying a sponsor unit from a developer is that you’re buying a new unit that has never been marred by another tenant’s wear and tear. 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. Nice perks: free rolling racks and shelves, climate-controlled units, package acceptance, and a free storage shuttle for you and your stuff. However, boosting your property’s condition takes a lot more work. (1) Sponsor means any person, partnership, joint venture, corporation, company, trust, association or other entity who makes or takes part in a public offering or sale, in or from the State of New York, of securities consisting primarily of shares or participation interests or investments in real estate, including condominium units and other cooperative interests in realty. Bedford Park Apartments for rent. Find out about Sponsor Units before they go on the market! Tell us a bit more about you. It also used to matter that a sponsor sale's down payment requirement is often 10%, but with most (all?) banks demanding 20% now, it doesn't really make a difference. 765 Bronx River Road UNIT 4J. . Zillow has 90 homes for sale in New York NY matching Sponsor Unit No Board. Rare one bedroom Sponsor unit at the Kennedy House! Sun drenched spacious unit has been renovated with all new kitchen and bathroom. 3 bathrooms. From the sponsor's perspective, since the sponsor has just laid out many millions of dollars for construction, once units start getting sold, recouping costs is of major interest. ok, atelier, 42nd and awfully close to the hudson, windy but appealed to an awful lot of bubble buyers. com1. v. HOME. Homes similar to 100 Clinton Ave Unit 4A are listed between $190K to $3M at an average of $565 per square foot. By virtue of the fact that these are sponsor units, no board approval is required for these co-ops. . new york law requires the sponsor to disclose all material information in this plan and to file this plan with the new york state department of law prior to selling or offering to sell any condominium unit. Its iconic skyline is a testament to human ingenuity, ambition, and the relentless drive for…. So, that’s it: no board approval,. 765 Bronx River Road UNIT 4J. Sponsor Unit - Jackson Heights New York Real Estate. Described as 'sponsor unit' Sort by. Zillow has 206 homes for sale in New York matching Sponsor No Board. Council 212-979-0611. 3 bds; 3 ba; 1,500 sqft - Condo for sale. INCOME AND EXPENSE SCHEDULE FOR . This flip tax is still under the average 1%-2% for most NYC co-ops over $500k. 2 beds. This typically involves the seller's NYC and NY state transfer taxes, and/or the seller's attorney fees. C. ~ CONTRACT SIGNED ~ Exclusive Newly Listed SPONSOR UNIT – NO BOARD APPROVAL: Spacious & Updated 3-Bd. Visit us at 3801 Greystone Avenue • Riverdale • New York • 10463. $395,007. g. These units have never been on the market for sale! Now vacant, these. Modernism Lives in Tribeca. By Jennifer White Karp | July 18, 2023 - 2:30PM. The Attorney General's office regulates the offer and sale of real estate. Zillow;880 sq. View listing photos, review sales history, and use our detailed real estate filters to find the. co-ops, and closing costs are the highest for new developments (also known as sponsor units). HPD is publishing a series of brief reports on the stock of rent regulated units in New York City. A RULING by a New York State appeals court this month has apparently settled a decades-long debate that has pitted co-op shareholders and condominium unit owners against sponsors who have declined. We are pledged to the letter and the spirit of U. Condo in Yorkville at 427 East 90th Street #2B for $1,699,000. Listing by Brown Harris Stevens Development Marketing LLC, Real Estate Principal Office, 451 West Broadway, New York NY 10012. 230074. 1. fering plan is the entire offer to sell these condominium units. In terms of contract activity and. new york law requires the sponsor to disclose all material information in this plan and to file this plan with the new york state department of law prior to selling or offering to sell any condominium unit. 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. 925% for loans over 500K. A financial statement offers a snapshot of a co-op or condo building's financial health. A sponsor unit is a co-op unit that belongs to the sponsor, the building’s developer. the Sponsor will execute the Condominium Unit Deed, which will be delivered to the purchaser. 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. If there's a reason why the sponsor unit is worth more then the resale then the cause justifies the means IF you like the finishes, etc. It's not the regulations of the co-op board, but rather it's the terms of the proprietary lease. Report. Time: 1pm - 3pm. The sponsor is simply the developer or builder of a new construction or re-development project. conversions in New York City from 1961 to 2020. When this condominium is created, the parent condo lot will. Yes sponsor rights can be sold. Tenant Support Specialists conduct proactive outreach to connect tenants in all five NYC boroughs with city programs, legal assistance. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. ) The luxury condos at Greenwich West—with interiors designed by Sébastian Segers—have walnut cabinetry from Italian furniture company Molteni & C. Find jackson heights properties for sale at the best price. 005. 425% of the purchase price if it’s under $500K. 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. 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. NYC’s Rent Guidelines Board meets every June to set the allowable increases for rent-stabilized leases. . 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 IS A 2 BEDROOM/2 BATHROOM SPONSOR UNIT WITH NO BOARD APPROVAL REQUIRED, Boasting a Brand-New Fully Renovated Open Kitchen w/. 65-05 Yellowstone Boulevard, Unit 3A - Opportunity! 11375, Forest Hills, York, York County, SC. 67 likes. 11694, Queens County, New York City, NY. 37-31 73rd St #7G, Jackson Heights, NY 11372. A sponsor unit is a co-op unit that belongs to the sponsor, the building’s developer. 05% and 2. 3 Seller is not a “sponsor” or a nominee of a “sponsor,” or a successor. 10457, NY. The Sponsor of The Oakman, a luxury condominium building located in Jersey City NJ, has announced that it is selling Units at The Oakman! By: Michael J. The units are sponsor units.