Good place and value for money!
I really enjoed my stay at The Jane. The rooms are compact, but hey this is New York and if, like me, you are sightseeing then it doesn't really matter. The rooms have good facilities (TV, iPod dock, safe etc.) It has shared bathrooms, but I never had any problems and I found them to be spotlessly clean. The hotel is in a great location and you can easily get everywhere via the subway - you can even walk to Central Park etc. 
Has a really nice cafe where you can have great coffee and breakfast, served by the most beautiful and friendly waitresses ever!!