Poor management, bad neighbors, good location
Pros
The units themselves are decent (updated kitchen and bathroom appliances, decent square footage) and the building is in a convenient location. Easy access to the L.
Cons
There was a major leak in the building and management has yet to do anything about the water damage and subsequent mold. It would be hard to fix the building without tearing many of the walls down, but the mold could at least be treated. Unfortunately, there are extremely messy tenants which results in dirt and debris constantly being in the stairwell. The super cleans once a month, but it is otherwise filthy and smelly. There have also been pest issues since certain tenants moved in (they were not present before). Pest management comes to treat the units but is not very thorough. It's difficult to treat the root of the issue when it's caused by specific tenants. It can be loud at times in the building but it's rare to find an NYC apartment that doesn't have thin walls. There is a group of 12 living in a 2-3 bedroom apartment, this is a safety hazard. They also leave scooters, coolers, fruit, etc. in the lobby consistently.
Unresponsive management to pests
Pros
Updated kitchen and bathroom
Cons
Pests, neighbors leave coolers and scooters in small lobby, dirty lobby, noise levels outside, neighbors all very loud, thin walls
Advice to the owners
Be responsive when your tenant cites pest issues, don’t rent a 2 bedroom apartment to a family of 8