Old, very old
This is supposed to be a historic hotel. It probably is, but they forgot historic hotels can be renovated. The rooms are big. They could easily fit 5 by NYC standards. Our room windows allowed some cold wind through and the heater would not heat. The doors are an attraction on themselves: they tried to fit "modern" card-based locks but the old doors have strange shapes and they do not fit well together, making it difficult to open or close the doors.
The hotel is well located, just across the street from NY Penn Station, which is convenient for public transportation, shopping (Macy's) and some dining (specially Koreatown, a couple of blocks away).
One thing that we noticed is that there seems to be a constant line for the reception desk. So expect some waiting while arriving.