Sponsored Owned Coops

Jamaica Estates brings a certain charm to New York. Urban dwellers are attracted to this Queens community for its convenience to public transportation, neighborly atmosphere and lower housing costs compared to Manhattan. Sponsored co-ops are an emerging form of real estate in Jamaica Estates and offer a potentially affordable option for home buyers in this coveted neighborhood. 

Sponsored Co-ops Defined

Sponsored co-ops are a variation of a traditional co-op residence. A sponsored co-op differs from a traditional co-op in the following distinct ways: 

  • Home buyers can purchase the unit without prior approval from the housing board. 
  • The down payment of a sponsored co-op may be lower than a traditional co-op.
  • A sponsored co-op is sometimes not subject to the same regulations as the traditional co-op units in the same building.
  • Many sponsored co-ops are sold in "estate condition," meaning that they feature vintage details that would enhance a remodeling project.

Finding a Sponsored Co-op

Jamaica Estates offers an overwhelming range of housing options. Sponsored co-ops are a new concept for some home buyers. At Jamaica Estates Realty, we are committed to: 

  • Helping you decide if a sponsored co-op is the right choice for your next home.
  • Guiding you toward listings for sponsored co-ops that have the features on your housing wish list.
  • Helping you secure the funding you need to purchase your dream home!

Contact Jamaica Estates Realty Today!

The real estate professionals at Jamaica Estates Realty live and work in this desired Queens community. We possess a high level of industry knowledge and a keen awareness of this neighborhood that we are proud to call home. Contact us today to learn more about sponsored co-op housing available in Jamaica Estates!