You get what you pay for
Pros
Great location, pre-war character, under market-value rent.
Cons
Some terrible neighbors, people who don't live there leave trash in the hallways, have passed out on the stairs, probable package thief in the building.
Advice to the owners
Paint the hallway so it looks less grimey
Alright place to live
Pros
Good location, great views
Cons
No response from landlord/management most of the time, the building managers never remember who you are, even if you live there for years. The building is old and falling apart - half the outlets don't work, the vents don't work, and pest control never comes out.