A Decent Building
Pros
Cheap, good heat during winter, no real pest problem
Cons
Issues with water intermittently ie. low water pressure, dirty water
Nice neighbors, crappy building
Pros
Neighbors are friendly. Neighborhood is okay but crime is going way up since Covid.
Cons
Mgmt company is HORRIBLE. Routine for people to move in and have no heat or hot water for 2-3 mos. I had to shower in vacant apartment and they only fixed after multiple calls to 311. They will not fix anything. Super lives in another state even though they’ll say he lives in building. Windows, nothing is weather treated so living in a studio I had $260 bills from ConEd and they wouldn’t discuss.
Advice to the owners
Reinforce the insulation. Fix the hot water and heat in the building. Be responsive and require the super to live nearby, and to actually fix things or respond.