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I am currently in negotiations to purchase what is claimed to be a sponsor unit in a co-op. Thing is, the original owner, who never lived there, sold it to the current owner, who has also never lived there. I’m being told by the broker that because it remained an investment that has never been lived in by the owner, it also remained a sponsor unit. But I’m also hearing that apartments lose their sponsor status after the first sale. Anyone know what the skivvy is on the apartment’s status? Thanks for the help.