Pros:
Location is half decent and close to public transportation
Cons:
Assume the owning management company is lying to you. I would urge to stay away, but if you ended up here, know your rights, be suspicious, and make sure you order a copy of the rent history for your apartment from the New York State Division of Housing and Community Renewal. There's a good chance the apartment your in is rent stabilized and the management company is hiding it.
The ownership of this property are truly the worst kind, so know your rights, know the law. don't be naive, and don't take what anyone from the management company tells you at face value. Good luck.