Location+Ultra Clean+Modern&Chic+Caring Staff=Perfect!
Newly-designed modern rooms, VERY clean, practical, cozy and great location. Can't ask too much more of a moderately-priced room in NYC! Of course the room is not huge--it's NYC. But I've surely seen far smaller rooms!
Specifics: Huge king-sized bed. Great, spacious walk-in, glass door shower. Plenty of electrical outlets. No wireless internet in rooms. You have to plug into their internet by the desk. Not a HUGE hassle but something they should upgrade soon.
So why 5 stars?
An encounter I had with a manager before checking out. 
We were heading to brunch and preparing to haul our luggage to our car to store it while we ate.
A manager approached us and OFFERED to store our luggage. He went out of his way to organize and tag it all and put it away in a secure room in the lobby. He was extremely friendly and I found his service here to be going the extra mile. I do not expect this kind of above average service from a Fairfield Inn (in NYC no less)--so for me--this is as good as it gets for a hotel of this class!