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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.
4. (Commerce) a cooperative organization. 5. (Commerce) Also called: cooperative apartment US a block of flats belonging to a corporation in which shares are owned in proportion to the relative value of the flat occupied. Sometimes shortened to: coop Compare condominium 3.