Zborovsky sells 15 Cryder Point sponsor units for $2 million

A block of 15 rent regulated sponsor units in Cryder Point Co-op Corp., located in Whitestone has been sold. Despite some cash shortfall, the block was sold for $2 million. The seller of the block was a large, New York-based, international hedge fund, and the purchaser was an active buyer and owner of 2,000 sponsor units in the borough. Mark Zborovsky of Mark Zborovsky LLC exclusively represented the seller and the buyer. Zborovsky said, "The market of sponsor unit block sales in New York is very active." He has put under a firm contract a record-size block of sponsor units in New York, which is also to close soon. Zborovsky said that he is going to the market with another incredible, and large block of sponsor units in Manhattan - in a few weeks.

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