Unless you have to, dont
Pros
cheap and convenient
Cons
everything else heat, pest, cleanliness or lack thereof
Advice to the owners
please try
Hell on earth
Pros
Near the ferry, bridge, and highways.
Cons
The tenants of the building treat the property like a dump. They throw their garbage everywhere and the stairwells are always filthy. The management could care less and it’s always a 50/50 chance the elevator won’t work or get stuck.
Advice to the owners
Really try to stay on top of the cleanliness of the building and hold tenants accountable. 
/-74.082601,40.614678,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)
/-74.081591,40.615031,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)
/-74.080691,40.616786,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)
/-74.081159,40.615913,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)