Good Building, Major Management Issues
Pros
Amazing location: close to the waterfront, parks, and transit.
Cons
Long history of unstable ownership, including a bankruptcy sale in 2025. (Public record: building sold out of bankruptcy for $55.7M to CIM Group/Osiris Ventures) Communication from management is inconsistent, especially during ownership transitions. Rent increases and lease handling can feel confusing or mishandled. Maintenance response times vary depending on who is managing at the time. Lack of transparency around rent stabilization status, J-51 history, and legal rights. Tenants have had to organize themselves to get clear information.
Advice to the owners
Treat tenants as long-term community members, not short-term revenue.
Tenant Review
Pros
we’ll maintained building; thoughtful touches to apartment (they didn’t just select the cheapest item available for everything); super is phenomenal.
Cons
Noise levels are horrible; the windows are cheap and don’t seal properly, which makes the noise issue even worse. It also makes heating the place expensive since the windows are so cheap.
Advice to the owners
Replace the windows.