Convenient location, but small, noisy rooms
As others have pointed out, this hotel has no elevator, so it is not a good choice for those who have problems with stairs. Even if you were to request a room on the first floor, to enter from the street, you need to go up a flight of stairs to the lobby before you could go down to the first floor. 
The location is convenient - on Broadway at 103rd - and there is a subway stop for the "1" line right across the street from the hotel. This line goes to Times Square in about 20 minutes and down to the Ferry stop at the end of the line if taking the Statue of Liberty and Ellis Island tour, or the ferry to Staten Island. It also goes to the 9/11 Memorial. 
The neighborhood seemed pretty safe and active, even on weekdays. I was traveling with my teenage niece and we felt safe walking from the subway or nearby restaurants as late as 10:30pm. For those traveling from LaGuardia airport, the M60 bus stops at 106th, which is a short 3 block walk. It takes @50 minutes and only costs $2.25 per person. Have exact change and no dollar bills are accepted, but if you have a Metro Card used for the subway, you can use it on the bus, too. It's much cheaper than a taxi and no subway line goes to LaGuardia. 
There are a number of restaurants within a few short blocks of the hotel, some of which I will review separately. Starbucks is located next door and is always pretty busy, and there is a Dunkin Donuts a block south on the opposite side of the street. There's also a good bagel shop a block or two south on the same side of the street. The best dessert I've ever had was at Henry's restaurant, which is a few blocks north on the opposite side. 
Upon check in, the hotel staff were friendly. We were given a room on the 5th floor and they offered assistance with our luggage. The room itself was a bit small, but I've stayed in smaller and assume the building is older, but renovated. The bathroom is very small and had a pedestal sink with no place for toiletries, other than the window sill. Because the hotel is on Broadway, it is not as quiet as we would have liked. We could hear traffic, people talking on the streets, the occasional siren, and horns. There is a sign on the street that says "no honking except for danger" but not everyone pays attention to it. 
During our visit, the weather was hot and humid, and there is a window air conditioner to cool the room down, but it takes quite a while. We tried the ceiling fan, but it didn't work. When we called down to the front desk, they sent someone to see if he could help us, but he determined that it was broken and said he'd have maintenance fix it the next day. We forgot to check the next day, as it was our last and the weather was a little cooler. 
When we checked in, we had a couple of problems. There were two of us and they had only provided one wash cloth and hand towel, along with three bath towels. We also found that the lights on the night stands didn't work and determined that they weren't plugged in...but we couldn't find any outlets. When we called the front desk (dial "0"; the buttons for front desk or housekeeping don't work), they sent someone up and he moved the bed to plug in one of the lamps. There was no outlet close enough to the other to make it work. He also brought us another bath mat, not a wash cloth. We had problems with the alarm clock (which is also an iPad docking station) and couldn't turnoff the alarm or change the time, which was incorrect, so we unplugged it. 
All in all, the room was clean, but small and a bit noisy. Despite a few problems already mentioned, it was a decent place to stay and worth the price we paid. Since we spent very little time in the room, the convenience to restaurants, walking distance to Central Park, and close proximity of a direct subway line to major attractions made it worthwhile.