Great location, HORRENDOUS MANAGEMENT
This hotel is in a great location in NYC and is quite reasonably priced. It is within walking distance to a number of landmarks/tourist attractions as well as the subway. There is a Walgreens around the corner and a number of restaurants quite close. It is also very easy to get cabs in front of the hotel so transportation is never an issue. This hotel is also off of a major street that is quite busy, so it was very safe, even late at night. This hotel is also a bit further from Times Square so it is not quite as busy with tourists during the day as the Times Square area is, whcih is nice if this isn't your first time to the city. 
The hotel rooms are quite clean and well maintained. The front desk staff is also extremely helpful. I would like to mention that a front desk person named Elvin went above and beyond to make our stay more comfortable, and was excellent in recommending restaurants, and providing us with any info we needed. 
The superior service of the front desk staff does not rub off on the management at thhis hotel though. Upon returning from a day of sightseeing, we arrived at our room to find the door had been left open by the housekeeper. This concerned us very much since our money/passports/jewelry was left in the hotel room. After ensuring our belongings were intact, we called down to the front desk to speak with a manager about this incident. The manager told us that the housekeeper went to get more towels for rooms on our floor, and that is why the door was left open. There was no housekeeper on our floor at the time, and it was well after they usually came during our stay. If the manager just apologized instead of trying to make up an unrealistic lie/excuse this wouldn't have been as much of an issue. If the manager wasn't lying, then their policy of leaving rooms open when staff leave the floor is even more appaling The manager did not even offer an apology. 
Upon returning home I decided to try and contact Hilton to have this issue addressed. I emailed every day for over FIVE WEEKS trying to get a response, and I was ignored by the management of the property. The Hilton head office finally offered me a 2 night stay at any Hampton to make up for the open hotel room, and the fact that I was ignored for over a month by the management of the property. 
This hotel is in a good location, offers good prices, and has very friendly and helpful hotel staff, but if there is ever an issue, DO NOT expect management to do anything about it or to contact you afterwards.