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A. There are several, some more consequential than others, when looking at a sponsor apartment, say our experts. A sponsor apartment is a unit owned by the original owner or corporation responsible for turning a building from a rental into a co-op.
Rating Newest Oldest. Best Answer: A co-op apartment or a housing cooperative is a unit in generally a large building that is leased exclusively to the person who purchases it. Buying a co-op apartment is different than buying a house.