Sponsor apartment in established buildings generally consist of less than meets the eye.
I have in the past written that the quality of finishes and upgrades tends to make such apartments not such great deals. Their big advantage is the absence of a co-op board to demand a grueling application process, though the burden in condos is considerably smaller.
But a pair of one-bedroom sponsor units in a full-service high-rise in a Central Park block of the low 70s proves to be the exception. Continue reading