First class... except for the damn air-con
I have to say that previous reviews are well wide of the mark, the room was recently refurbished to a good quality and was very clean. We upgraded for £5 to a deluxe and think the extra space certainly helped. 
But as others have said, when you're in New York you don't really want anything other than somewhere to be a base and to sleep and as far as location is concerned, for a basic hotel, I can't really imagine anywhere better.
But then was the down side, as our first night and our last night involved some of the worst nights sleep I've ever had. I'm an unfussy sleeper and in a front facing room there's always going to be outside noise, that's fine - but the air conditioning honestly sounded like someone was playing a steel drum in the room with us.
When we mentioned it, the problem was rectified for two nights, but was back again with a vengence on the last night. 
So, it looses a star for that, but we would stil come back again in a shot, albeit if I could get someone to guarantee the air-con had been recently serviced.
Also, for any prospective visitors, we must join in the praise for the Deli next door, packed with locals in the morning and incredibly reasonable given the location.