In those old buildings without a concierge your packages will get stolen and you'll be living in a high crime area. I've lived in old places before and it's terrible. At minimum, you deal with poor infrastructure (no in unit laundry or dish washer) and bugs. Prices are actually low due to COVID. I've lived nearby to Pike and Pine and know the area well.
I'm happy to maximize my TC and not worry about the extra $10k a year to live in a nice, modern building.