Not worth what they’re asking
Pros
Location! It’s near a bunch of subway lines. Dishwasher in most units. Good renovations. Heat is always on. Parking is ok in area.
Cons
Walk up. Stairs and hallway is dirty. Lights flicker when entering. Packages are thrown everywhere and sometimes left outside. People leave garbage in hallways. Trash all over “courtyard.” Folks smoke in laundry room. Price is too expensive for no amenities. Front Door doesn’t always close. Hot water is spotty. If something stops working expect to wait over a week. Apartment is VERY dark because of bigger buildings in the area. Increase of rent from one year to the next over $1000.
Advice to the owners
If you have good tenants, then show you actually value them and keep them. Work with the folks who haven’t given any problems. Increasing rent over $1000 for no additional value is absurd and then blaming the market in nearby buildings for the increase is insulting (especially since all the buildings nearby are luxury). The very least you can do is make the “courtyard” a functioning place for the people who live there.
Cheaper alternative
Pros
Everyone knows everyone Heat will be on in winters
Cons
Close to a highschool and kids will trespass smoking Cheap repairs Something always needs repairs
Advice to the owners
Listen to the tenants needs
/-73.983352,40.732349,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)
/-73.937389,40.750653,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)
/-73.937474,40.750559,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)
/-73.937558,40.750464,14/640x640@2x?access_token=pk.eyJ1Ijoib3BlbmlnbG9vIiwiYSI6ImNsYjNmMjVwdzBjeHgzd21wYmJmZDB0eGYifQ.XZvZCOh51yXuDBE-I3Bg0A)