Great location near subway but lotsa stair-climbing
Stayed here for 4 nights back in may, the location was great for 2 asian gals, we had no problems heading back to the hotel after late nights out in nyc. Pretty safe and there was always someone to help us at the hotel front desk if need be. The shower door seemed on the verge of coming off while we were there but we were not bothered by it. Great bargain as hotel prices during may was crazy. This was within our budget and still relatively accessible to times sq. 
Recommended, but the many flights of stairs not advised for weary travellers!