At least it's rent regulated
Pros
Some of the apartments have amazing views.
Cons
Our apartment constantly smelled like weed (and sometimes crack). It's super drafty and you pay for heating/AC so be ready for sky high ConEd bills. I have to imagine it's a pretty shitty place to work so the turn over of the doormen is super high and it's NOT 24/7. The construction quality is pretty poor: floors that are more slanted than my current 100 y/o apartment. The elevators and laundry rooms are pretty consistently filthy.
Amazing building and building staff, poor management
Pros
Friendly and helpful doormen, porters and other building staff, great amenities spaces
Cons
Walking in any direction the area is now choked with construction and most views have been blocked by other buildings. Management is one of the worse I've encountered, and generally slow to respond