StreetEasy Forums · Sales

Sponsor-unit-co-op

Started by Gilly

about 16 years ago

Posts: 6

Member since: Dec 2009

Discussion about

Can an investor buy a sponsor unit in a coop? If so, who must/can occupy or reside the apartment?

Response by NYCMatt

about 16 years ago

Posts: 7523

Member since: May 2009

It depends on the individual co-op's bylaws.

Most commonly, the answer is no. Whomever is buying in most cases must be the primary resident.

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Response by Gilly

about 16 years ago

Posts: 6

Member since: Dec 2009

Thanks.

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