You can do better
Pros
When the building is empty if you are in the back it’s quite livable.
Cons
If you are in an apartment with an upstairs neighbor directly above you it sounds like bombs are dropping on your head. Theres no buffer or insulation between the wood floors. The noise is so strong it’s practically uninhabitable when someone is living above you. I have lived in many apartments in New York City and this was by far the worst for noise. The hot water tends to go out two or three times a year for days at a time, usually during the winter months. Whenever the weather warms up there is generally a mosquito issue. 
Advice to the owners
Some sort of buffer should be put between floors to keep noise down, and most of the apartments are in need of serious upgrades.