Nice building but elevator broken often
Pros
Very nice conversion of a bank, sturdy and quiet
Cons
Elevator constantly broken
Decent Value if you can tolerate Incessant Noise Pollution
Pros
1. Prime location on the Lower East Side 2. Elevator & on-site laundry 3. Responsive to maintenance requests 4. Good amount of space for the neighborhood 5. Lots of natural light
Cons
1. Unregulated lease terms allows them to increase rent the maximum legal amount every year (and they ruthlessly do). 2. All day/night Busy intersection horn honking can be heard clearly through the windows AND Nightclub music on the weekends radiates into the unit clearly til late late. 3. Old windows, let cold in the winters and heat in the summer. 4. Poor kitchen ventilation system, so cooking leads to a smoky apartment. 5. Units get bare minimum improvements, probably in need of modernization and updating
Advice to the owners
At minimum, I’d aim to limit tenant turnover instead of pricing them out every year. Also, replace/upgrade all windows to eliminate noise pollution and improve heating/cooling efficiency.
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