Pros:
The renovations on the apartments are well done: the layouts are great and the price for the area was reasonable when I first moved in. The management is very responsive if you are in one of the new, renovated units.
Cons:
The heat is not great; it’s poorly calibrated throughout the apt. Lots of calls to the management about it. I moved recently to a new place (not bc of the heat) but from 2018-2021 it was not good: some rooms barely had heat, and others were just okay. By the end, I had a space heater going at all times. The building also has a classic two-track treatment of tenants going on: if you are in a new, renovated unit, you get responsive treatment. My sense is that the un-renovated, rent stabilized tenants do not get great treatment. I also moved in while they were doing major renovations in the building (lobby was actively being worked on and the elevator was being replaced). Because of this, I had a slightly lower rent than what a similarly sized unit would fetch in the neighborhood. After I had been there one year, they moved my rent up $250, a big leap. This was somewhat acceptable, but I confirmed that this would not be a typical rent raise and the management said it wouldn’t be. The next year, they jacked it up again, another $250. I was a model tenant: always reported any water leaks around the building, took care of the lobby, mail management, started a Facebook group for the tenants, etc. None of that mattered; the old saying, landlords like to keep good tenants did not seem to apply at all, and the second rent raise left me with a bad taste in my mouth. I moved out a year later. All in all, I would recommend the building and the management, but don’t expect any “above and beyond” tenant behavior to get you anywhere.
Advice to owner:
Fix the heat. Value your tenants. This is more than an income-churner; this is a home for human bejngs. We have a community here and many of the tenants care deeply about the property. Reward that. Life is too short to have a bottom-line attitude all the time. :-)