Once approvals from the state attorney general and DOF Tax Map Unit are received, the condo-within-a-condo will be recorded as normal in ACRIS. 5 baths. So if the loan amount is conforming — up to $970,800 in New York City — then it’s possible to get as much as 97% financing, she says. LISTING BY: RE/MAX IN THE CITY. according to records filed with New York City’s Department of Finance. New York City co-op buyers who want to skip the board approval process have more sponsor co-op listings to choose from these days. 11694, Queens County, New York City, NY. new york law requires the sponsor to disclose all material information in this plan and to file this plan with the new york state department of law prior to selling or of-fering to sell any condominium unit. This unit has a large living room, renovated kitchen and. In a co-op, a sponsor unit is owned either by the original owner or is one the co-op corporation converted from a rental. 4% of the sales price for properties below $3 million, and 0. Email Us. 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,. The median price for a two-bedroom apartment in Midtown East is $1,850,000, based on current listings on StreetEasy. This is truly a buyer’s market, and for those rushing to move forward without time-consuming and intrusive board interviews, one. holds real estate brokerage licenses in multiple provinces. Tremada Properties, an affiliate of London-based William Pears Group Ltd. A special category of apartments in New York City are called “sponsor units. CD15. While those are substantial. And they’re right. $465,000. But this apartment in Tudor City, 321 East 43rd St. . 5% to 6% of the purchase price. Homebuyers in New York City may be presented with the opportunity to purchase a “sponsor unit,” a type of property unique to New York City real estate. Sale Contingency. Find apartments with sponsor unit in Manhattan | 44 Rentals. M. For condos, a developer may retain a sponsor unit. Subletting a sponsor-owned apartment is much simpler. Use the filtering options available (number of bedrooms and bathrooms, square footage, year built, etc. Ordinarily, the seller pays the New York City and New York State transfers taxes in connection with the sale of an apartment. HDFC Building income restriction will apply. If the offering plan represents that the unit owners may or will receive particular tax benefits (e. Manhattan. 4 beds. Tricks of the real estate trade are for real, especially in New York City. 3777 Independence Ave APT 12K, Bronx, NY 10463. But you don’t need to live below the poverty line to get a rent-stabilized apartment. Please contact the listing agent to schedule an appointment. SPONSOR UNIT, No Board Approval Needed, As Easy as buying a condo. There are currently 38 condos for sale in Elmhurst, Queens, NY to browse through, with prices between $199,999 and $799,000. Sponsor Unit - Forest Hills New York Real Estate. 10457, NY. My question is, doesn’t everyone in the building, shareholders and sponsor. 5 results. this offering plan is the entire offer to sell these condominium units. Also not eligible: sponsor units; units owned by a business (LLC); pieds-à-terre; units being rented out; and properties already receiving certain government assistance or subsidies, such as a Housing Development Fund Corporation or a Mitchell-Lama building, among other types. सुने NYC Sponsor Units - What You NEED To Know और seventy-nine अधिक एपिसोड Real Talk NYC Real Estate द्वारा, मुफ्त! कोई साइनअप या इंस्टॉल की आवश्यकता नहीं है। NYC Sponsor Units - What You NEED To Know. 425% applies to sales above $500k. NO FEE – No board approval – Sponsor unit Beautiful fully renovated Studio apartment at 45 Tudor Place. On March 25, the State of New York Department of Law (DOL) issued a policy memorandum temporarily modifying certain submission requirements for condominium and cooperative offering plans and amendments thereto. Renovated, it includes wood floors, plentiful cabinets, a kitchen island, and recessed lighting. Top floor apartment with lots of sunlight, ample closets and hardwood flooring under the carpeting. 67 likes. $219,000. 4101 – for your private tour of this sponsor coop for sale in Forest Hills. The sponsor unit has. Many of our first time or out of town buyers have often seen ‘SPONSOR' unit Co-Ops, it is important for buyers to understand the difference of each housing product so they can make a better and educated buying. 4320 Van Cortlandt Park E UNIT 4E, Bronx, NY 10470. 925% for loans over 500K. . New York City’s Department of Housing Preservation and Development (HPD) has announced a new pilot program to help homeowners add an extra apartment. However, boosting your property’s condition takes a lot more work. Also beware of the "sponsor renovation" -- often a low-cost quickie renovation meant to spur a quick,. Forest Hills, Allegheny County, PA. Hi, I'm looking to purchase a condo in Williamsburg, Brooklyn. Downtown Apartments for rent. Sort: Homes for You. results in a conveyance of property that is subject to the New York City real. We are pledged to the letter and the spirit of U. Sort: Homes for You. No Board Approval needed. Description. Right of Refusal Contingency. The number of Manhattan condos publicly listed for sale (resale and sponsor units) has steadily declined over the last six months, falling 20% from 4,671 units in early November 2020 to 3,760 condo listings today. MANHATTAN. $360,000. 2 bedrooms. ↓. Appraisal Contingency. On the UWS alone (eliminating all the recent conversions of dubious quality): 123W93, 251W95 (in contract), 102W80, 320W84. 10% of annual maintenance (1st year) 20% of annual maintenance (2nd year) 25% of annual maintenance (3rd year) Annual sublet renewal fee — many coops in NYC will charge shareholders an fixed ‘annual sublet renewal fee’. From Get To Know Rare Deals: Sponsor co-ops with no board approvals priced under $2M. Find out about Sponsor Units before they go on the market! Tell us a bit more about you. If a tenant didn’t buy, the sponsor of the co-op conversion, usually the building owner, retained ownership of the apartment and continued renting it to the tenant. If sales continue to slump, the sponsor may be forced to aggressively reduce prices or convert some units into rentals. Figuring out your home’s estimated market value is a cinch with the StreetEasy Valuation tool. This building has been saved by 129 users. filing with the department of law does not mean that the department. Zillow;We have 16 properties for sale listed as sponsor unit yonkers, from just $135,000. Now offering sponsor paid 1 year of common charges This spacious 1,371sf 1 bedroom plus home office is a classic DUMBO loft with high ceilings. Zillow;24. Identify the current capital projects as well as repairs and upgrades done in the recent past. Yes sponsor rights can be sold. Sponsor Units NYC. Listing by: Rye Port Real Estate, Inc. $285,000 . 525 West 235th Street, Bronx, NY. An Accessory Dwelling Unit (ADU) is a small, independent residential dwelling unit located on the same lot as your home. Melissa Leifer, a salesperson at Keller Williams NYC, says she is seeing more sponsor units for sale and that's to be expected if the elderly move out of state, move into assisted living facilities, or pass away. Buyer closing costs in NYC are between 1. Here are some sponsor unit co-ops that are on the market now: Midtown East studio, $395,000: This gut-renovated studio at 5 Tudor City Pl. 425 percent on purchases of $500,000 or less), plus a . $1,895,000. • Quicker buying process: There’s no board review or interview necessary when buying a sponsor unit, which makes the buying process much quicker and easier. about monthly rents from units held by the sponsor or other holder of unsold units. Holding Sponsor Principals Liable for New Construction Condominium Defects. Manhattan; Brooklyn; Queens; Bronx; Staten Island; New Jersey; All NYC + NJ; Near Me;. 2 Bedroom Sponsor unit which has been totally renovated with a brand new kitchen with quartz countertops, white cabinets, tiled floor &. [2] However, this term can have a different meaning depending on whether […] “Buying in a sponsor-owned co-op allows you to finance as much as the banks will allow you,” says Melissa Cohn, executive mortgage banker at William Raveis Mortgage. View property. However, there is one crucial caveat. 2. Buyer closing costs in NYC are between 1. It has stainless steel appliances, white cabinetry, beamed ceilings, moldings, hardwood and tile floors, and several windows. If 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. Other perks of buying directly from a sponsor can be lower cost or a. Each year the New York City Council awards discretionary funds to nonprofit organizations to meet local needs. Manhattan New York Real Estate (housing market) is made up with Co-ops, Condominiums, Townhouses and Rental Apartments. The core controversy over sponsor failure to sell apartments is being played out in the Manhattan courtroom of State Supreme Court Justice Joan B. When the tenant. Council 212-979-0611. New York. Unfortunately, there is also a NY State transfer tax. This Kips Bay one-bedroom, one-bath unit is in an investment-friendly co-op building, which allows subletting from day one. Through a series of disclosure statement reviews and background checks, HPD’s Integrity Review Unit works to ensure that sponsors are honest, reliable stewards of public resources. 930 ft². 5 Tudor City Place UNIT 907, New York, NY 10007. buying Co-ops family retiree sponsor unit. Closing costs are higher for sponsor units, as city and state transfer taxes are paid by buyers. Who owns it, then? The building, typically. For more information, call 347-846-2421. A RULING by a New York State appeals court this month has apparently settled a decades-long debate that has pitted co-op shareholders and condominium unit owners against sponsors who have declined. Call us at (718) 543-7174. Back to Top. Among more than 16,200 new condo units built since 2013 in New York City, roughly 4,100, or one in four, remain unsold. If you see sponsor unit anywhere in a listing, it’s referring to the first-time offering of a rent-controlled apartment in a converted co-op or condo building that wasn’t sold during the initial conversion. new york, ny 10022. 3 Seller is not a “sponsor” or a nominee of a “sponsor,” or a successor. Sponsor unit no board approval Fully renovated spacious 1Br apartment Eat-In-Kitchen W/ all new stainless-steel appliances Newly. Short answer: Yes. New York's Housing Stability and Tenant Protection Act of 2019 affects a landlord's ability to convert rental buildings as well as the operation of existing cooperatives and condominiums. Compass. The sponsor units fall under the Emergency Tenant Protection Act (ETPA) of 1974. 1 Bed; 1 Bath; 750 Sq Ft; 100 Parkway Rd Unit 6D, Bronxville, NY 10708. See moreCheck with the applicable school district prior to making a decision based on these boundaries. LISTING BY: DOUGLAS ELLIMAN REAL ESTATE. Co op rules and regulations in NYC can be extremely onerous for residents. The sponsor is selling 2 similar studio units for $565K and $575K, without Board approval. 5 Baths + Terrace. 13477 Homes for Sale $224,723. One way to offset the stress of home buying is to score a sponsor unit. RE: Hefetz to Olivieri Apt. m. Bring. An even larger discount was recorded at nearby 217 West 57th Street, a. This is a 3rd floor unit that is all ready to move into. There are two types of sponsor units you may encounter while browsing real estate in NYC: condo sponsor units and co-op sponsor units. The memos aim to disseminate information about different facets of rent regulation in the city, using a variety of data sources. 10708, Yonkers, Westchester County, NY. 230074. Renters can expect to pay up to 15% of a unit’s first year’s lease to brokers. Browse online today!. 425%. § 442-H New York Standard Operating Procedures. Zillow;1 Centre Street, Room 2400, New York, NY 10007. Even a berth on Billionaires’ Row can be had, courtesy of Carnegie Tower, a 317-unit postwar co-op at 100 West 57th Street. $925,000. Featured Contains Video Rental Unit in Lenox Hill. This one-bed, one-bath apartment features historical prewar details and it was renovated last August! This home has western exposures, with city views, and receives generous sunlight throughout the. It is a wonderful location on 95th St and Riverside Dr. $1,099,000. Park Slope - Brooklyn. 340 West 86th Street, Unit 10B. The median monthly rent is about $1,400 for rent-stabilized units, compared with $1,845 for unregulated units, according to a recent city survey. The sponsor is the person or entity who originally owned and converted the building from rental units to a co-op. Concourse Apartments for rent. By CityRealty Staff Thursday, September 16, 2021. UES 300 E 74th St A-Line. Congratulations on completing all of the steps to selling a co-op in NYC! At this stage, you can let the lawyers on both stage schedule and handle the closing. The complete offering terms are in an offering plan available from sponsor. 4 percent transfer tax to New York state. Sponsor reserves the right to make changes in accordance with the terms of the offering plan. This one bedroom, one bath is listed for $349,000. The New York City transfer tax sits at 1% of the sales price for homes worth $500,000 or less. In March, according to StreetEasy, a four-bedroom on the 22nd floor was the condo’s least-expensive unit, at $6. In NYC real estate, a listing being labeled “sponsor unit” means the apartment is on the market for the first time. new york law requires the sponsor to disclose all material information in this plan and to file this plan with the new york state department of law prior to selling or offering to sell any condominium unit. The COVID-19 state of emergency has made these requirements increasingly difficult to enforce for the DOL. 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. There are many types of apartments in NYC for home buyers and renters to choose from. $360,000. The unit could be located within the existing home or could be a fully independent and detached structure. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. communal gardens and breathtaking city views. Nuances to Buying a Sponsor Unit Co op in NYC. 1 bedrooms. 2 bedroom 2 bath homes in New York. 110-38 64th Ave #36/35B, Forest Hills, NY 11375. Upper Manhattan (above 110th St) All of Manhattan. In mid-July, there were 13 apartments for sale for less than $350,000. Studio. 005. See a list of these real estate licenses. It is a mistake to sign on the dotted line unless you truly understand the particulars of buying in New York City, such as tax abatements, sponsor units, and the big one: The difference between a co-op and a condo. This highly competitive and unique market requires buyers to step up their game to score a home. 10% or more of the units remain unsold. Features. The contract registration process is managed in PASSPort. This can be. 98-120 Queens Boulevard, Unit 4G. From Get To Know Rare Deals: Sponsor co-ops with no board approvals priced under $2M. Newest. . A sponsor unit remodeling entails the building replacing ailing water, electric, or heating elements and repainting the dwelling. 11201, DUMBO, Kings County, New York City, NY . UPDATED, June 9, 2021, 6:00 p. A buyer who wants to reside in the building but does not want to own an apartment held by. com1. Get To Know. In a condo building, a sponsor co-op is a unit the developer owns and is offered for sale for the first time. 1bd. 11501, Hempstead, Nassau County, NY . FOR SALE. What distinguishes a sponsor unit from other apartments is that they have never been sold before. The COVID-19 state of emergency has made these requirements increasingly difficult to enforce for the DOL. Buying a co-op sponsor unit means you don't need board approval, but you'll likely pay a premium. Find yonkers properties for sale at the best price. (Though sponsor units do have their downsides, as well. 84-70 -th Street #4S, Kew Gardens, NY 11415. However, when a sponsor unit is purchased, the buyer is traditionally responsible for paying the transfer taxes. Buying a sponsor unit in a converted co-op or condo means that the unit does not need to comply with co-op bylaws such as board approval or right of first refusal. You step out the door and Riverside Park is right there. Which areas are you interesed in: Chelsea / Downtown. for a total of $34 million, including this three bedroom with views of Central Park. $879,000. The 772 units boast a combined value of just over $17 billion, with 39. Located at 5 Tudor City Place 5 Tudor City Place, #5818, Manhattan, NY Murray Hill, Midtown East This unit is not currently listed on StreetEasy Other units available in this building: 14 active sales listings | 7 active rental listings studio, 1 bath, 400 ft² Changes in prices and units; Interim leases (if the sponsor can rent out any vacant unit before closing) The effective date and closing date (sale is contingent on plan being declared effective, i. LISTING BY: EXP REALTY NYC. 175% of the initial mortgage principal (includes a 1. OLE63914---. If price > $499,999 then 1. If you have any questions, please. From Great Listings Price Cuts: Japanese-Inspired home at 432 Park sells half off, while another unit in the building receives 25% haircut Wednesday, October 25, 2023 ; From Future New York Buying or Renting in New York City as a Foreign National + See the most popular NYC Buildings by Country Friday, October 20, 2023We have 27 properties for sale listed as sponsor unit great neck, from just $489,000. Report. A New York sponsor unit Sponsor units are apartments in a co-op where the real estate developer or building owns the unsold shares allocated to the unit. Upper West Side. New York City, the concrete jungle where dreams are built, is a place of constant transformation. First time home buyers will often be confused by the term ‘sponsor’ as it relates to buying a sponsor unit in NYC. It also used to matter that a sponsor sale's down payment requirement is often 10%, but with most (all?) banks demanding 20% now, it doesn't really make a difference. $328,000. 10708, Yonkers, Westchester County, NY. 17. The Zippers conversion is a singular blend of. That’s because buyers are expected to pay city and state transfer taxes on co-op sponsor sales. Morningside Heights one-bedroom, one-bath co-op, $749,000: This renovated sponsor unit at 535 West 110th St. So Fo Tower was designed by Angelo Ng and. 2501 Palisade Ave APT H2, Bronx, NY 10463. For homes with sales prices over $500,000, the tax is 1. To purchase an apartment or brownstone in New York City, you will generally need a 20% down payment if it is your primary residence and 30% down if it is an investment property. The Sponsor of The Oakman, a luxury condominium building located in Jersey City NJ, has announced that it is selling Units at The Oakman! By: Michael J. In New York City, getting any kind of living situation will mean meeting certain standards—many of which may be pretty shocking to people who haven’t lived in the Big Apple for too long. Listing by: Douglas Elliman Real Estate. 13328 Homes for Sale $220,095. LISTING BY: RE/MAX SPARROW REALTY. The current entity status is Active (current) The registered business location is at 300 Riverdale Drive, Apt 12B, New York,. 4 bds; 4 ba; 3,072 sqft - Condo for sale. Associated with Compass. He or she collects the rent is responsible for dealing with renters' issues concerning the interior of the apartment. 2 Bed / 1. Sponsor Unit - Jackson Heights New York Real Estate. LISTING BY: DOUGLAS ELLIMAN. $355,000. 8 million, down from $27. One of the most desirable towers in Midtown East’s stately. No-fee rentals. Co-op in Turtle Bay at 321 East 43rd Street #410 for $2,500. Save article. New Construction. By virtue of the fact that these are sponsor units, no board approval is required for these co-ops. 2 Unit Package. After all, Cooperative is our middle name! Call us at (646) 201-4714 or email Brittney Baldwin at [email protected]%. 75 Wall St APT 34H, New York, NY 10005 - Opportunity! 10005, New York City, NY. In terms of contract activity and. March 11, 2022 · RARE # SponsorUnit opportunity in # ParkSlope! Go in-contract now & the sponsor will use your input toward renovating to *your liking!* 2 Bed | 1 Bath “White Box” / Sponsor will reno Contact us at info@sponsorunitsnyc. View property. Every year, the Rent Guidelines Board, a nine. Find jackson heights properties for sale at the best price. For groups of units held as rentals or for commercial units within a residential condominium development that areAlthough New York’s highest court has held that sponsors have an implicit duty to sell enough apartments to make the co-op (or condo) viable as an owner-occupied building, that decision is of little. 25 E 83rd St, New York, NY, 10028 - Rare Sponsor Unit Fully Renovated Junior 4, No Board Approval, Unlimited Financing For Sale Manhattan Upper East Side Apartment Co-op 24 Hour Security Guards, Abundant Closets, Central Air Conditioning, Dining Area, Dishwasher, Elevator, Fitness Facility, Hardwood Floors, Laundry Room, Washer DryerView property. So if the loan amount is conforming — up to $970,800 in New York City — then it’s possible to get as much as 97% financing, she says. 1 bedroom in New York NY. , between. These units have never been on the market for sale! Now vacant, these apartments hit the market in up-and-coming NYC areas, with flexible financing restrictions allowing buyers to get a good deal on a New York City home. Many of my out of town buyers have often seen 'SPONSOR' unit Co-Ops, I thought it will be helpful to create a post so everyone can understand the difference between a traditional Co-Op and a Sponsored Co-Op apartment. 825 West 179th Street, New York, NY, 10033. Downtown Apartments for rent. The. 2 bedrooms. 2 beds. In this instance, the units are being sold by the condo developer. Visit us at 3801 Greystone Avenue • Riverdale • New York • 10463. 172 Madison Avenue LE-PENTHOUSE is a sale unit in Midtown South, Manhattan priced at $76,000,000. Best and Worst NYC Amenities and Apartment Features. $179,000. A Chinese investor bought two. Closings are typically held at the building management company’s offices for co-ops. New York City has a distinct class of apartments known as sponsor units. 4 baths. What is a Sponsor Unit? It's important to understand the definition of a sponsor unit and how it's somewhat different from a brand-new co-op or condo apartment that becomes available on the market. Newest. 425% if it’s under $500,000. Agent listings. Bring your contractor to transform this spacious SPONSOR apartment into a remarkable home! The windowed kitchen and large living room + dining area and large bedroom make this an exceptional. ”. ADUs come in a variety of types, including basement apartments, attic. For a commercial unit the New York State rate increases to 2. When a wave of rental buildings were converted to co-ops in the 1970s and 1980s, existing tenants had the option to buy their apartments or keep renting. [1] At the most basic level, “a sponsor unit is an apartment that has never been sold” before. This is a 3-bed, 2-bath, 1,350 sqft property. Find out about Sponsor Units before they go on the market! Tell us a bit more about you. In most cases, sponsor units are found in new condos. Condo For Sale In Manhattan, New York. Jennifer Realty, 98 NY2d 144, 152-153, that a Coop Sponsor is under an implied duty to sell enough Sponsor Unsold Shares to make its sponsored Cooperative eligible for conventional underlying mortgage financing, and otherwise a viable functioning. From the sponsor's perspective, since the sponsor has just laid out many millions of dollars for construction, once units start getting sold, recouping costs is of major interest. All that said, there are sponsor issues that can result in really big problems for the rest of us. Sponsor Units NYC, New York, New York. Sponsor units can be found all over New York City, according to our experts. Post-war: The pros and cons of buying in each + Great listings inside (Dec 2, 2021) NYC's top 25 most prestigious condos and amazing homes inside them (Sep 14, 2021)485. From time to time, sponsor units come on the market. Kitchen with. Harris says whether Covid-related or not, New York will "definitely see more sponsor units come to market on an annual basis. LISTING BY: BROWN HARRIS STEVENS. at least 15% of units in contract). 425%. So it's important to work with an experienced agent, even if you have previously bought property outside of New York City. HPD will award rental assistance to eligible households meeting the population criteria for HRA’s Request for Proposals for the Provision of Congregate Supportive Housing (EPIN: 09617I0006). 1 bd; 1 ba; 900 sqft - Condo for sale. Roosevelt Island Apartments for rent. If a tenant didn’t buy, the sponsor of the co-op conversion, usually the building owner, retained ownership of the apartment and continued renting it to the tenant. 00 shall be certified checks of Purchaser or official bank checks payable to Seller or as Seller. Zillow has 90 homes for sale in New York NY matching Sponsor Unit No Board. One of the most desirable towers in Midtown East’s stately Tudor City complex, this 24-hour doorman building is equipped with on-site laundry and a 2,000-square-foot, recently updated gym with river views. $69,000. Many of the city’s most expensive, high-profile buildings have seen more than half of their units listed for rent on StreetEasy. 525 West 235th Street, Bronx, NY. New York Transfer Tax Rates 2023. at least 15% of units in contract) Contract of sale; Sponsor or developer’s profits; Part two generally consists of, but is not limited to, the. Q Our building is 75 percent shareholders, 25 percent sponsor units (renters). NO FEE – No Board Approval – Sponsor unit Beautiful fully renovated Studio apartment at 5 Tudor Place. unit. coop . The short answer is that it is a unit that has never been sold. Rent Guidelines Board increases and other increases allowed by the Rent Stabilization Law or. End of matching results. At 30 Park Place — a Four Seasons-branded residence where units are listed for sale at roughly $4,000 per square foot — more than eighty of the building’s 157 units have been listed for rent. 2. . there are many different plans that were setup with the sponsors when the building went coop. The main advantage of buying a sponsor unit from a developer is that you’re buying a new unit that has never been marred by another tenant’s wear and tear. 6 rooms. At 111 West 57th Street, also known as Steinway Tower, which launched sales in 2019, less than half of the 60 units have sold, according to Miller. Net. Pay a premium price for the. West81st's right, no-board-approval co-ops are indeed sponsor sales, and they often ask a premium knowing how valuable avoiding a board interview can be. Zillow (Canada), Inc. ) 140 WEST 71ST STREET, Upper West Side, NYC - $527,500 - Contract Signed | SPONSOR UNIT, NO BOARD APPROVAL, AND NO FINANCING RESTRICTIONS. 1 Bath. The short answer: it’s an apartment that has never been sold. Calculating the transfer taxes you may pay for a sponsor unit coop purchase can be tricky and beyond the grasp of even many real estate lawyers. Description. SHARE. $100,000. If 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. Sponsor co-op at The Grand Sutton, 418 East 59th Street. However, an RPIE must be filed for un-sold sponsor units, if 10% or more of the units in the building/development remain unsold. 765 Bronx River Road UNIT 4J. . Price cut: $45,000 (Aug 10) 45 E 89th St APT 10D, New York, NY 10128. Memos will be released regularly and will provide the public with accessible, useful information on. 1 bathrooms. This highly competitive and unique market. Equal Housing Lender. 0 . You will also have to pay the 1% mansion tax, absolutely. Buyer closing costs are higher for condos vs.