Quiet, family oriented building.
Pros
-Doorman in the daytime. -Package room with cold storage. -Nice roof deck. -Quiet neighbors. -Elevators always work and the delivery elevator is big. -Dog friendly and very close to park. -Heat/AC are always turned on and working most units have central air. -Common areas are cleaned daily and the building is very strict on not letting tenants leave trash or store things in hallways and stairwells.
Cons
The main issue for renters is that the condo board is very much oriented to saving owners money. So amenities like the gym are a little dated and there are just fewer perks than some of the other nearby mid-rise rental buildings. There’s also a big issue with doormen having a reliable schedule. So you can’t count on them to accept an important package or provide access for cleaners or dog walkers.
Advice to the owners
Make sure you are communicating with both owners and renters. As a renter I often don’t get notices about maintenance or other useful building information. Have a plan to continually invest in the common areas so that the building remains competitive with the newer units in the immediate area. Rental rates are now well within the “luxury” category but, much of the building common area finishes don’t hold up when compared to similar priced nearby buildings. Also, when signing the lease there are a lot of fees (about $5,000). I almost thought I was getting scammed because of the the number of different $1,000 payments I had to make. If you just bundle the move-in/move-out deposits and the application fee that would make it much easier and less scammy feeling.
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