Average-good location and value
We stayed at The New Yorker Hotel during Easter weekend in April 2012.
The building is spectacular, especially if you like Art Deco architecture. The location is also very convenient, it is a short walk to Times Square and to the Empire State Building.
Our room was quite large for a hotel room in Midtown Manhattan and surprisingly clean, however nothing really special. I guess it is not so easy to find a good value as this hotel in Manhattan.
I would recommend this hotel if you are looking for an acceptable hotel in a very good location for a reasonable price.