Great for a Transplant; Once you know, then go!
Pros
It is a great place if you come from out of town and do not know NY.
Cons
The trash is always piled up. Leave dishes out 1 time and you may see a friend.
Perpetual cockroach problem, constant night noise, and shady management
Pros
Relatively cheap rent.
Cons
They send in an exterminator every month who dabs little pieces of poison in a few places, this does nothing for the roaches. There's constant night noise, especially in the summer that often goes on until 3am. Finally, LAP Partners, the building management illegally withheld my security deposit, citing a variety of reasons (several fictitious, none valid) well after 14 day period mandated by New York City law.
Advice to the owners
Take an ethics course and hire some good lawyers, because the NY AG isn't messing around anymore.

