Location! but at what cost?
Pros
The location is unbeatable and it has some pre war charm
Cons
This building is old and they are charging inflated rates for rusty bathroom fixtures and weak heat. This last winter the heat was barely working at all and at one point the building went nearly 2 weeks without heat and hot water. They raised my rent nearly 10% the two years there despite paying in full and on time consistently and they did not give the proper notice as per city law. They also are not compliant to new compost/containerization laws.
Advice to the owners
Stop being greedy, value your good tenants.
Old Building, Great Location
Pros
This building gets great natural light, has beautiful crown moulding and original fireplace and is in a great location
Cons
There's a history of leaks (one neighbor had her ceiling cave in), you can hear everything in the hallway, and there's no trash service.