Not for the business traveler
The hotel has a very limited number of irons. It took 6 hours the first day to get an iron, and on two other occassions, I was put on a list and was never given one. WiFi was spotty, due to capacity issues. No ice or beverage machines on the premises. The TV only had four stations my first night there, which was remedied shortly.
For the most part, the staff was friendly. Housekeeping sometimes replaced the bath mats and provided new soap/shampoo, but sometimes just took the old ones. The room is small, but not uncomfortable.
If you are going to NYC to sightsee, this hotel maybe ok. If you are going to do any type of business, or if you need to connect to your home office via the internet, stay somewhere else.