You get what you pay for
Pros
Rent is great for a 3bed 1.5 bath.
Cons
Building is dirty and looks it could do with a powerwash. Noise levels are sky-high especially if your room faces the street. You can hear conversations from street-level.
Not the worst NYC rental experience
Pros
Tons of natural light
Cons
Tenants would smoke cigarettes and weed in the hallway
Advice to the owners
Renovate the stairwell and actually maintain it