Good Builidng x Decent Management x Great Staff
Pros
The staff at the building are really great. They treat you and your family like family. Neighbors are very friendly, most of them are long-time and older members of the coop. The maintenance staff are really exceptional and so very helpful all the time. They really look out for the tenants, especially the renters.
Cons
Rented apartments are lesser than coop-owned apartments. The management company is okay, not good or bad, just decent. They don't go above and beyond. They are just decent. Some renewal rates were normal others were excessive and unexpected to get to market rate.
The hassle was not worth it
Pros
Roof deck when open is beautiful. Neighbors are usually friendly and respectful. Most of the building staff are really caring and friendly. My apt itself is really nice and sunny and otherwise perfect (except dealing with the Management company). If you're able to lease from a tenant (not sure if it's possible) or own then it's a different story.
Cons
If you lease from the Management company, you're on your own. From simple issues that were broken before moving in (broken drawer or door) to big things such as electrical hazards or nighttime noise (not neighbors), it will take months or years to fix it (if they even do). Calls and emails won't get returned even if it's time sensitive (i.e. a lease renewal or a question about a COI etc.). HVAC Units may work or not -- I had to buy a $500+ internal AC because of the difficulty getting it fixed and couldn't get approval for a window unit.
Advice to the owners
Manage your property
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