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What is the deal with Sponsored Units? I was a listing for a sponsored unit that was “60% below free market value” in a Cobble Hill Co-Op. There was no board approval and the apartment is occupied by a rent-stablized tenant and cannot be used as a principal residence and the tenant has the right to automatic lease renewel. How would this be a good investment? What are the questions I would have to ask both myself and also the realtors to see if buying a Sponsored Unit is a good investment opportunity? Thanks!