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June 19, 2008
Where are the best parts of Sunset Park to live?
Hello. So, my attempts to buy an apartment have taken me to Sunset Park, where I'm looking to find a nice 1br for under $300K. Short of its Chinatown and that it has pretty good subway connections, I know absolutely nothing about the area. Anyone want to chime in with preferable locations in the area? What decent apartments are going for? Recommendations in general?
April 3, 2008
Can a unit remain a sponsor unit upon resale?
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.