NOT VALUE FOR MONEY
Since hotels in NYC are a rip-off and the minimum one can spend for a reasonably decent room with an en-suite bathroom is US$ 170/night, I decided to book at this hotel after a lot of research and reading the reviews on TA. I was a bit worried that the place might be a dump. Just returned from NYC and I would say that although the Broadway Hotel and Hostel is not a dump, it's not really worth the money I paid for the single room rate (US$ 195). 
I'll begin by listing the pros:
- Booking is a breeze and really straightforward (but I had to reschedule my reservation due to hurricane Sandy and there was no e-mail to write to, so I had to call the hotel and found out the room rate went up by 20%).
- They keep the room really clean (although the carpet is a bit tatty and looks dirty).
- Very convenient location between two subway stations
- Comfy bed
- Reception staff friendly and efficient
 And now the cons:
- The hotel hasn't really made up its mind whether it wants to be a hotel or a hostel, so there is a nice lounge on the ground floor which caters to backpackers in general and the private rooms are mixed with the collective rooms, so sometimes there is noise from people coming from the room next door.
- Although I paid nearly US$ 200 for a night, the hotel doesn't offer any breakfast and you have to pay US$ 9 an hour to use their Internet. They don't have any wi-fi in the rooms and didn't let me know that upon check-in, so I had to go downstairs every time I wanted to log in, which I find a bit ridiculous. Why wouldn't they have the wi-fi in the rooms??? 
- The two TVs in the lounge downstairs are usually on at blaring volume, the place can be packed with young people and it can be difficult to concentrate if you're using the computer. 
- Apparently the hotel has been recently refurbished, but the hallway, the stairs, the elevator, door locks, and the furniture in the room all look very old and tired (with the exception of the plasma TV) . 
- The heater makes funny noises from time to time.
- There is no phone or minibar in the room, which is the minimum they could offer for US$ 200 a night.
- I asked for a couple of extra hangers at the reception and the girl seemed to be unwilling to meet my request, when I had to remind her I was not a backpacker and was staying in a private room. The hangers turned up at my room 30 minutes later. 
So, although my stay was trouble-free, I would say the hotel is not value for money for what it offers. I would pay maximum US$ 120 for what I got. They seem to skint on little things, which is really a hostel mentality. I hope my review isn´t unfair to the efforts of the Management to make the guests' stay a pleasant one, but perhaps the Broadway Hotel and Hostel has to make up its mind what it really wants to be.