Sponsor units. What's wrong with this picture?I have been looking at a certain coop building. My broker insisted in showing me units that are sponsored. Fine and beautiful, except that they are wrecks. Asking price 225K (JR4) I got it down to 165K with a 35K basic reno cost attached to it. I had to walk away. But for simple fact that there at about 12 sponsor units available (all wrecks) in a property built in 1963, I have to be suspicious. Even if we consider they went coop (doubtly) 20 years ago, what could possibly explain so many sponsor units available? I love the building but I have the gut feeling that this scenario should be researched further. Where can I find this sort of information? Is there any way to learn more?May 01 2013 - Bronx00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.