Great Location..but a couple of issues
First, the other reviewers are quite correct. Great location and very, very reasonably priced. I paid $209 for a queen...Also, good Ethno throbbing music and great art in the common areas. Check in was flawless and they found a room away from the street which was quiet. 
Having said that, be aware that the rooms are incredibly small, toilets are installed at an angle from the radiator in the bathroom, the concerige wasn't particularly helpful (I asked for a fish or light fare and the response was "there are a number of good restaurants on 46th Street between 8th and 9th Avenue,' etc.
I won't stay there again.