200 Corbin Place #2C, Manhattan Beach, NY 11235 For Sale $479000 Sponsor unit (no board approval Ocean block Manhattan Beach area Luxury bldg. 1. SPONSOR UNIT! NO BOARD APPROVAL NEEDED! Welcome to Anita Terrace! This light and bright 2 bedroom/1 bathroom apartment has been fully gut renovated, so all you need to do is move right in! Anita Terrace is a co-op made up of three towers. Your search: Condo sponsor unit. Any size deal, open to all…Park Slope, NY Home for Sale. Rent stabilized or Free Market. Condo For Sale In Forest Hills, New York. Original hardwood floors, newly painted throughout the 9 ft. One BR Sponsor Unit with City Views and NO BOARD APPROVAL. Kew Gardens is a supremely. This Studio apartment is located on the 6th floor. Save Listing. 65 includes heat &. SQFT. We have 16 properties for sale listed as sponsor unit yonkers, from just $135,000. Browse photos, view property details and learn about nearby schools and neighborhoods. Sale in Forest Hills 65-05 Yellowstone Boulevard #6H. Queens. . Sponsor Unit, No Board Approval Needed! Enjoy Living At The Meadow Apartments! Great townhouse style coop, fully renovated 1 Bedroom 1 Bath On. For co-ops, sponsor units carry higher closing costs than resale units. Sort: Homes for You. For Sale: 1 bed, 1 bath ∙ 97-37 63rd Rd Unit 11F, Rego Park, NY 11374 ∙ $349,999 ∙ MLS# 3517673 ∙ Coming Soon: Location! Location! Location! Sponsor Unit, No Board Approval Needed. LISTING BY: EXP REALTY. Property For Sale In Bronx, New York. We have 1,308 properties for sale for condo sponsor unit, from just $155,000. SPONSOR UNIT with NO Board Approval and only 10% down!. The Saybrook85-10 34th Avenue Unit 52185th StreetJackson Heights. The biggest plus to buying a sponsored apartment in a co-op building is avoiding the troublesome board approval process. . A box will pop up in the lower left corner, type in keywords: “sponsor” and “no board approval”. BCSLS MLA Approved Schools. Contact us for more information!. 1 Bath. ” Sonn. Residence 64 at 102 W 80th street is a sunny studio in the heart of the Upper West Side. . ) on the 5th floor of the elegant and well kept – the CRESTWOOD; one of the most sought-after Cooperatives in Kew Gardens; unique apt layout design and extra space that can easily be used as a 1BR apt. Sale in Williamsburg 135 North 11th Street #2F. because sponsor sales are generally exempt from board approval in a co-op. Facing 108 St. $252,900. Co-op features 24/7. Find great neck properties for sale at the best price. No board approval required: When purchasing a non-sponsor unit in a co-op building, buyers are required to be approved by the co-op board. We have 50 properties for sale listed as sponsor unit forest hills ny, from just $190,000. For Sale$2,799,000 for sale. About This Home. 2 bedrooms. / 10453, NY Home for Sale. Broader public sector organizations in the province of B. 20. ft. Pay a premium price for the convenience of no board approval; Re-sale poses the hurdle of board approval for the next buyer; Higher closing costs similar to new developments; When do sponsor units list for sale? The building, typically. JACKSON HEIGHTS ONE BEDRROM. 75 Wall Street, New York, NY, 10005 - SPONSOR UNIT NO BOARD APPROVAL REQUIRED. Despite the flexible financing and ability to bypass the board approval process, sponsor units do come with their own potential challenges. ft. 226-26 Union Tpke #3P, Oakland Gardens, NY 11364 is currently not for sale. This unique 668 square foot studio + home office is the perfect combination of views, space, natural sunlight, and top-of-the-line finishes. SPONSOR UNIT! No Board Approval This exceptional pre-war renovated one bedroom apartment offers high ceilings and natural light streaming in from oversized windows facing both north and west exposures. NO BOARD APPROVAL REQUIRED!! Mint, move-in condition, freshly painted. Sale in Lindenwood 153-25 88th Street #1J. The living space is highlighted by a large window that fills the unit with natural light. Co-op $ 359,000. 10467, NY Home for Sale. -SPONSOR UNIT NO BOARD APPROVAL-Brand New Condo Grade Renovation As alpine says, it means the apt is for sale by the original sponsor - it is not a resale. 4 percent state transfer. Online searches for sponsor co-ops, which are exempt from co-op board approval, currently bring up more than 300 listings, up about 50 percent since before the pandemic, Brick Underground finds. NO BOARD APPROVAL. 45 Hill Park Avenue UNIT 1-0, Great Neck, NY 11021. Gut renovated, extra large two bedroom is turnkey ready. NO BOARD APPROVAL is required to purchase this lovely SPONSOR unit in the stately Barclay Plaza. Advertise;. There is no requirement to get board approval. 1bd. Sponsor Unit • Co-op; in Jamaica. This is a Sponsor unit, no Board approval required! Oversized Studio apartment (very large – 700 sq. View property. Sponsor unit forest. 1855 GRAND CONCOURSE Apt. For Sale: 3 beds, 2 baths ∙ 5700 Arlington Ave Unit 4U, New York, NY 10471 ∙ $675,000 ∙ MLS# COMP-1449398003490992753 ∙ Elevate Your City Living at Skyview on the Hudson SPONSOR UNIT - NO BOARD AP. Unfortunately, they’re not ideal for investors. Listed By. Zillow has 1 homes for sale in Yonkers NY matching Sponsor Unit No Board. This one bedroom, one bath is listed for $349,000. Sponsor Unit - Forest Hills New York Real Estate. $327,000. SPONSOR UNIT, NO BOARD APPROVAL. X. ft. For Sale Manhattan Financial District High-Rise Condo washer dryer 75 Wall Street, New York, NY, 10005 | 2 BR for sale, apartment sales | Nest SeekersIf you live in a co-op building, then you will most likely need coop board approval unless you are the sponsor and you are renting out a sponsor unit. Beautiful newly renovated two bedroom one bath (junior 4) with new kitchen appliances, hardwood floors and lots of closet space. 44 - SPONSOR UNIT (No Board Approval) front-facing Bronx-Deco Junior 4 converted to 2 BED/1 BA w/ open east & south-facing views directly onto the Grand Concourse. co-ops, with income restrictions and comparatively low prices, and co-op sponsor units, which were newly renovated and required no board approval. Low maintenance, easy commute #7 train,. $286 per ft². Sponsor Unit/No Board Approval! This Beautiful, fully renovated 3 bedroom, 1 bathroom apartment is located in the heart of Pelham Parkway. Park Slope - Brooklyn. View property. Add to compare list. Forest Hills, York, York County, SC. In New York City, many rental apartment buildings were converted to condominiums or co-ops in. Sale and tax history for 280 W 12th St Unit 2-W. 1 Bath. Details. "Sponsor" can also refer to the developer or seller of new development. SPONSOR UNIT EASY APPROVAL!!!This beautiful 2 bedroom, 1 bath is now available for Sale in Elmhurst. Alabaster, Shelby County, AL. Beverly Crest Homes for Sale $626,398. ACCEPTED OFFER! 2685 CRESTON AVENUE #1-H, BRONX NY 10468 – KINGSBRIDGE HGTS SPONSOR UNIT (No Board Approval) 495 s/f front-facing Studio. Introducing apartment 12M, a contemporary and stylish two bedroom residence located in the bustling Bronx neighborhood of Allerton. SPONSOR SALE / NO BOARD APPROVALFIRST-TIME BUYERS WELCOME!Live close to. if the purchase price of the sponsor sale coop is under $500,000. Off-Market Sponsor Units Ready for Buyers!. . This unique 1,482 square foot home is the perfect combination of views, space, natural sunlight, and top-of-the-line finishes. buying Co-ops family retiree sponsor unit. 5 bath is the perfect combination of views, space, natural sunlight, and luxurious finishes. 25% down payment required. in Bronxwood. For the potential homeowner, there is one attractive benefit to acquiring a sponsor apartment: no board approval is needed. Sold: 1 bed, 1 bath, 600 sq. 2630 KINGSBRIDGE TER APT 4G, BRONX, NY 10463. F. Spacious 2 Br, 2Bth Apartment with a. there were also 3150 condos, 136 townhouses, and 1371 multi-family units for sale in Queens last month. Hit Search. , #BA, up to $280,000—which is still, to anyone used to Manhattan prices, a good deal. New York Condos for Sale. A fabulous opportunity to live in a charming one-bedroom brownstone co-op on the Upper East Side! This. SPONSOR UNIT - NO Board Approval 3 bedroom pre-war home which offers a classic layout for easy everyday living or entertaining. Kew Gardens, NY Home for Sale. SPONSOR UNIT! NO BOARD APPROVAL!! GUT RENOVATED APARTMENT! Welcome to 1110 Stadium Avenue! This expansive 2 bedroom apartment comes as a flex 3 bedroom. Updated Granite Kitchen, Stainless Steel. Brooklyn Realty Specialists - Residential and Commercial Sales and Rentals, Condos and Co-Ops With Exceptional Service – Realty Collective. 11/19/2023 - 11/19/2023 11:30AM - 1:30PM. Sponsor Sale, No Board Approval. Sponsor unit – No Board Approval! Maintenance = $799. 875% of sale price in mind. Riverdale Homes for Sale $381,023. 30+ days ago Listedbuy. If you discover a sponsor unit in a coop, unless the sponsor has already done a renovation before listing the unit, you’ll likely be looking at a unit in “vintage” or estate condition. 205 East 124th Street #3C. As a third party sponsor you enter into a contract with a UVic student to pay fees on their behalf. 11217 Homes for Sale $1,389,566. beachteen • 2 min. 65-41 Booth St Unit 4A, Rego Park, NY 11374. . Gut renovated 3BR/1. Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. 11237 Homes for Sale $818,906. Details. ft. We have 44 properties for sale listed as sponsor unit forest hills, from just $190,000. Sponsor unit no board approval. Price decreased by $45,000 Featured Listed at Compass. ) on the 5th floor of the elegant and well kept – the CRESTWOOD; one of the most sought-after Cooperatives in Kew Gardens; unique apt layout design and extra space that can easily be used as a 1BR apt. And you might luck into a sponsor unit, where no board approval is required (such as the listing shown above by Coldwell Banker Warburg. . 2 hours ago · For Sale: 349999 - Residential, 1 bed, 1 bath, sqft at 97-37 63rd Road in Rego Park. 1. 5 bath unit is a handyman special that offers excellent potential for someone willing to put in some effort and TLC. “in most cases a sponsor sale means credit issues, [and] down payment requirements or. 3B3Bth 1, 930 SF Move-In Condition NO BOARD APPROVAL Rare offering of a full three-bedroom, three-bathroom unit on the 19th. Years ago, sponsor units were cheaper than regular units, because no one wanted a sponsor's (presumably) lower level of renovation. . . *Occupied With Rent Stabilized Tenant* Sponsor Unit, No Board Approval. ↓ $2,000,000 for sale. Location! Location! Location! Sponsor Unit, No Board Approval Needed. 1 bathrooms. Completely remodel Bright and sunny unit facing North . condo located at 6802 Ridge Blvd Unit 4G, Brooklyn, NY 11220 sold for $375,000 on Mar 14, 2023. Homes for Sale. Buy. 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. Co-ops make up about 60 percent of available apartments for sale in NYC and are typically more affordable than condos. 11205 Homes for Sale $855,062. The median price for a two-bedroom apartment in Midtown East is $1,850,000, based on current listings on StreetEasy. . See floor plan and full details here. SPONSOR UNIT NO BOARD APPROVAL! Video tour available. $895,000. I've spoken with the sales agent for the sponsor's units. This unit is not currently listed on StreetEasy Other units available in this building: 10 active sales listings. For Sale Manhattan Financial District High-Rise Condo Washer Dryer 75 Wall Street, New York, NY, 10005 | Studio for sale, apartment sales | Nest SeekersLeah Ferster North East Queens Realty Corp. Sponsored co-op units can be a breeze to buy, mainly because the buyer is not beholden to the usual, arduous approval process that goes with buying a regular co-op unit. For Sale Manhattan Financial District High-Rise Condo washer dryer 75 Wall Street, New York, NY, 10005 | 2 BR for sale, apartment sales | Nest Seekers233 West 21st Street, New York, NY, 10011 - Sponsor unit with no board approval ! For Rent Manhattan Chelsea Low-rise Co-opSPONSOR UNIT - NO BOARD APPROVAL REQUIRED. 1-The timing for making an application for Board approval in order to close the sale is important. Although you won't need board approval to buy, once in you will be required to adhere to the board's bylaws in regards to things like subletting. Open House Sunday, September 23rd 2018 Time: 1pm - 3pm North Riverdale. NO BOARD APPROVAL. You’ll most often find these in condo buildings, since new development has brought mostly condos to. C. 2C - 41 CPW - Harperley Hall 1 West 64 Street) Classic Pre-War 7 Room Uniquely available Sponsor Residence with "NO BOARD APPROVAL" MAXIMUM FINANCING ALLOWED on Central Park West Historical Residence Apt 2C Unique Prewar details a seven-room historical residence that awaits your creative magic and. No board approval needed & no financing restrictions! . Unit LJ is a co-op for sale in Country Club, Bronx, NY 10465. (OneKey® MLS as Distributed by MLS Grid) For Sale: 2 beds, 1 bath ∙ 226-01 Union Tpke Unit B, Bayside, NY 11364 ∙ $375,000 ∙ MLS# 3508639 ∙ SPONSOR UNIT. The main advantage of buying a sponsor unit in a co-op is that the buyer does not have to submit a financial package to the co-op board or pass a board. Terms of Sale; Site Map;75 Wall Street, New York, NY, 10005 - SPONSOR UNIT NO BOARD APPROVAL REQUIRED. , between Broadway and Amsterdam Avenue, has high ceilings, a windowed kitchen, a windowed pantry and a new bathroom. For sale. 1ba. 1 bedroom 1 bath apartment with Private outdoor terrace. SPONSOR UNIT. 765 Sq Ft. One BR Sponsor Unit with City Views and NO BOARD APPROVAL. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 930 ft². This will save you time and the ridicule of the co-op board, since financials, income and occupation are not subject to the co-op boards approval. 7. Open Houses. It has stainless steel appliances, white cabinetry, beamed ceilings, moldings, hardwood and tile floors, and several windows. 2 bedrooms. Well Maintained. $389,000. Zillow has 206 homes for sale in New York matching Sponsor No Board. 10024, Upper West Side, Manhattan Community Board 7, New York County, New York City, NY. Residence 64 at 102 W 80th street is a sunny studio in the heart of the Upper West Side. Price. Find your dream home in. No Board Approval: A sponsor unit for sale in a co-op allows a buyer to make the purchase without approval from the co-op board. Sold: 2 beds, 2 baths condo located at 61-15 97th St Unit 7A, Rego Park, NY 11374 sold for $425,000 on Feb 1, 2023. 1 Bed, 1 Bath, 700 Square Feet, For Sale, $270,000 - Sponsor Unit, No board approval needed. So yes, they're more expensive. MLS # 2817371. In a sponsor unit sale however, you have the opportunity to buy into a co-op building without having to be approved by the board. Newly Listed. Sponsorship includes partnership arrangements, except where the arrangement is governed by the Partnerships Victoria Requirements or otherwise involves the. 2 bathrooms. 10463, NY . Graced with top-of-the-line finishes and exceptionally large rooms, this gut-renovated 1-bedroom, 2. 75 Wall Street, New York, NY, 10005 - SPONSOR UNIT NO BOARD APPROVAL REQUIRED. Sponsor Direct, No Board Approval. This unique 902 square foot loft is the perfect combination of views, space, natural sunlight, and top-of-the-line finishes. No board approval required. 11205 Homes for Sale $855,062. 30 Monroe Place, Unit 1BC is a co-op for sale in Brooklyn Heights, Brooklyn, NY 11201. Please contact the listing agent to schedule an appointment. 7,200 ft². Prime location. NY 11374 is a coop for sale listed on the. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. This is to ensure they are financially sound and would make good neighbors. Resale poses the hurdle of board approval for the next buyer. In condo buildings, a sponsor unit is one currently owned by the developer and being put up for sale for the first time. Report. Meet the new standard of style and luxury in this modern-minimal penthouse, with two massive private terraces, in the heart of one of the most vibrant and diverse neighborhoods in downtown Manhattan. ft. $300,000. primary residence). $360,000. Q -- I signed a contract to buy a co-op apartment directly from the sponsor. . Find yonkers properties for sale at the best price. For Sale: 3 beds, 2 baths ∙ 61-15 97th St Unit 2F, Rego Park, NY 11374 ∙ $499,000 ∙ MLS# 3460548 ∙ Sponsor Unit * No Board Approval Required * Spacious true 3 bedroom 2 bathroom apartment at th. may be eligible to access the pricing, terms and conditions set out in many of these supply. 98-120 Queens Boulevard, Unit 4G. I've spoken with the sales agent for the sponsor's units. Pets allowed, pied a terres , co buys and parents purchasing for children allowed. $264,000. OPEN THU, 1PM TO 3PM. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. ft. View property. Availability Updates. $469,000. Original sponsors, for example, need no board approval for their rental tenants, pay no flip taxes or fees for subletting and can sell their units to whomever they want. New York Single Family Homes for Sale. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Graced with top-of-the-line finishes and exceptionally large rooms, this gut-renovated 1-bedroom, 2-bathroom co-op apartment is a rarely available sponsor unit that does not require board approval and allows unlimited financing. 3. 68 (Any square footage indication is not exact and is only an approximation by either the seller or floorplan designer – The Person or Persons must individually measure to ensure the space to their expectations. 449. Rare Sponsor Unit. From the moment you enter, you will be greeted by graceful arches and pre-war details that set the stage in this turn key home. 1 Bed, 1 Bath, 700 Square Feet, For Sale, $270,000 - Sponsor Unit, No board approval needed. For sale is a studio coop situated directly across from Yankee Stadium in the vibrant Highbridge section of The Bronx. For Sale: 0 beds, 1 bath ∙ 25 Parade Pl Unit 3-L, Brooklyn, NY 11226 ∙ $469,000 ∙ MLS# OLRS-00012000584 ∙ PRICE IMPROVEMENT. . For Sale: 2 beds, 2 baths ∙ 1200 sq. TH AVE # F5, Jackson Heights, NY 11372 For Sale MLS# 3474-. A sponsor is a person or business entity starting a condo or co-op through conversion or as new construction. NMLS #507535. 2 Beds. Member since: Feb 2006. coop . ft. The closing costs for sponsor units may be significantly higher because, as the buyer, you will have to cover the transfer tax (both state and city), which can be as high as 1. 1260sqft, this apartment has plenty of space. Sponsor unit. Sale in Jamaica Estates 172-31 Highland Avenue #2B. Convertible 2 BR Corner unit ALL utilities included in. Enter the home through a foyer leading into an inviting. Common Laundry on site. ago. For Sale LIC / Queens Astoria Low-rise Co-op NYC Is New Development, Washer Dryer Hookups 44-14 Newtown Road, Queens, NY, 11103 | 2 BR for sale, apartment sales |. $200,000. $355,000. SPONSOR UNIT with NO Board Approval and only 10% down! This spacious and sun-drenched. A sponsor unit in a building can be sold directly by the. $125,000. 1: 102-36 64th ave. Condo For Sale In Forest Hills, New York - Opportunity! Forest Hills, York, York County, SC. Ernest Gasparyan - Licensed Real Estate Salesperson. $741. Home Sale Calculator. Beautifully r. How many seats the sponsor can have on the board of directors and when the sponsor must give up control. 425% instead of 1% of the purchase price in transfer taxes. Description. Original hardwood. 13 Photo. This staple 1 bed/1. SPONSOR UNIT. 3 rooms. For Luis Vargas, the answer was to buy a sponsor co-op for his mom—one of the big incentives to buying these types of apartments is that you can skip the board approval process. View property. A “The tenant/shareholders in a housing cooperative are bound by the proprietary lease, bylaws, rules and regulations,” says Albert Pennisi of the law firm of Pennisi Daniels Norelli in Rego Park, Queens. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask. For Rent Manhattan Financial District High-Rise Condo Washer Dryer 75 Wall Street, New York, NY, 10005 | 3 BR for rent, apartment rentals | Nest Seekers44-14 Newtown Road, Queens, NY, 11103 - This sponsor unit requires no board approval. This is a Sponsor unit, no Board approval required! Oversized Studio apartment (very large – 700 sq. Possible "as is" sale of apartment Co-op sponsor units are. . In addition to the unbeatable location and fantastic building this one of a kind unit is offered from the sponsor and features hassle free purchase process without the need to meet with the coop board! Interested? Please contact Bart – 917. 227-07 Hillside Avenue UNIT Duplex, Queens Village, NY 11427. 2 Bedrooms 1 Full Bath. In many cases downpayment go down to 10%, but more and more sponsors go by the building's standards about it. Advantages of a sponsor unit. Listing by Pleasant Properties Real Estate LLC (167 Madison Avenue, New York, NY 10016) Sale in Concourse. LISTING BY:. 195 listings for SaleView property. Updated Kitch. Updated Granite Kitchen, Stainless Steel. For Sale Now. This is a 0-bed, 1-bath property. - Active. The co-op is on the market for $749,000, which is right around the median price, of $740,000, for similar units in the area. Find properties for sale at the best price. $749,000. Find forest properties for sale at the best price. So when negotiating with a Sponsor you need to keep that 1. For Sale - 108-50 62nd Dr Unit 5B, Forest Hills, NY 11375 - 1,200 sqft home. View property. Shopping on. Print this Page. This is a beautifully proportioned two bedroom two full bath spacious home at The Berkeley co op located in The Historic Landmark District of Jackson Heights, Queens. . 1 bathrooms. 6802 Ridge Blvd #4G is located in Bay Ridge, Brooklyn. Sort. Ft. Sponsor sale. This elegant building features an inviting lobby, lovely private garden area, Continue reading →75 Wall Street, New York, NY, 10005 - SPONSOR UNIT NO BOARD APPROVAL REQUIRED. 209-25 18 Avenue Unit 2J Bayside. Wilton homes for sale: East Brunswick Township homes for sale: West Orange Township. WebID# 2686169. They are owned by a bank or a lender who took ownership through foreclosure proceedings. Presented By: Keller Williams Rlty Landmark 718-475-2700. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Sponsor Unit, No Board Approval, Pristine 2 Bed Home $1,100,000 2 Beds; 1 Baths; SPONSOR APARTMENT/NO BOARD APPROVAL BEAUTIFUL 2 BEDROOM FLOOR THROUGH HOME COMPLETE WALL TO WALL NEW INTERIOR RENOVATION TRIPLE MINT, MOVE IN READY, INVESTOR FRIENDLY CONDO. Sponsor unit No Board Approval Required First floor 1 bedroom, 1 bathroom apartment at Rocky Hill Terrace in Bayside. ∙ 100 Clinton Ave Unit 4A, Mineola, NY 11501 ∙ $270,000 ∙ MLS# 3517931 ∙ Sponsor Unit, No board approval needed. Newest New York Real Estate Listings. It IS possible to negotiate sponsor rights (which would allow you to rent out the apartment to a third party. No grandfather clause. And I would be paying the transfer taxes. SPONSOR UNIT. Park Hill Homes for Sale $671,792. 5 baths. Listing by: Redfin Real Estate. Featuring original hardwood Herringbone floors, high beamed ceilings, and bright Western, Northern, and Eastern exposures, this home is sure to impress. CALL. Large 3 bedroom apartment corner unit, over. View property. Close to Queens Blvd, subway and bus stop. Sponsor unit no board approval Fully renovated spacious 1Br apartment Eat-In-Kitchen W/ all new stainless-steel appliances Newly finished. For Sale Manhattan Financial District High-Rise Condo washer dryer 75 Wall Street, New York, NY, 10005 | Studio for sale, apartment sales | Nest SeekersWhen an individual or company converts a rental building to a co-op or condo, the first transfer of an apartment, or "sponsor unit" does not require board approval.