1. We have the opportunity to make something our own without committing to buying in NYC.
2. The landlord was willing to concede rent in exchange for the renovation expenses.
3. We structured a long term lease with the option to renew.
4. This will be a renovation in a building with no co-op or building management. There are very few people who we could possibly bother.
5. We are in a situation where I get to choose all finishes that we would want in our home.