Worst hotel I've ever been to
Bed was gonna crash down, no window in the room, water pouring from the bathroom ceiling. Nextdoor rooms closed as they can be "perilous to life"! 
Noisy, you hear everyone going in and out from the rooms. Couldn't sleep!
Stairs were shaky when you have to take up your suitcase you better be careful. 
The only positive point is that it is close to time square.
All I can say is that hopefully, I stayed for one night only. That was the first and the last time. Am sure a hostel can't be worse.