Pros:
Rent stabilized - don’t pay broker fee it’s illegal, many of the neighbors are amazing, some are downright horrid
Cons:
Hallways in building are dirty, empty hand sanitizer dispenser put in in the lobby around august of 2020, and it is never filled. Smokers smoke by the windows in the common hallways. Preferential rent loophole makes register rent way above the area normal rents, but they give you a “preferential rent price” in the lease which is fairly low but not low enough for the crumbling infrastructure.
Pipes run brown water all the time too.
Advice to owner:
Fix complains from apartments, and clean and wash the main shared floors and stairs and hallways