Great location, shabby hotel
I stayed at this hotel during a recent trip to NYC for business. When I checked in, I was greeted warmly but felt a bit disappointed from that point forward. 
When I told the front desk clerk that I was hungry and asked if the restaurant was open, he/she said the restaurant was closing within 10 minutes but I could try to order before then. I would have preferred a list of options for delivery in the area as an alternative to a closing restaurant. Instead I had to use the Yelp app on my phone. 
The room itself was average size and the bathroom was very roomy (a huge plus for a girl!). The counter space by the sink was great for spreading out my make-up, etc.. The water pressure in shower is also great (a big plus!) but I was a little put off that every time I sat on the toilet the whole toilet seemed to detach from the wall. Clearly the room has not been maintained well. 
Add to that that an outlet cover was missing from the wall in the bathroom and I was getting the impression that my low room rate was due to poor quality, not low season. 
The thing I hate the most about this hotel was the elevator system. There is a large podium monitor system in front of the elevators. You have to press the floor you're heading to before you get on the elevator or the elevator won't take you to your floor. For instance, if someone presses Floor 4 and you get on the elevator with them hoping to get to your 5th Floor room, you're out of luck. The elevator won't take you any further than the 4th Floor so you'll have to go all the way back down to the lobby level and call an elevator for Floor 5. 
Once I did make it to my floor, the carpeting near the elevator was stained and shabby looking. It was a bad first impression upon arriving to the hotel. 
I had dinner in the restaurant one night. In fact, I spent several hours doing work on my laptop while dining. I was so frustrated at how slow the service was considering that I was one of maybe 4 other people in the entire place. I had to flag down a waiter just to get a second glass of wine. Totally unacceptable. As for the food, I had the lobster bisque which was just 'ok' and a warm chocolate cake dessert which was rich and yummy. 
I used their valet service for a car I rented the last day in town. The front desk made me late for a meeting in Brooklyn by giving me a hard time about my room bill upon check out and therefore delayed me getting my car. I was SO aggravated. 
The location of the hotel is great; there's no doubt you're in for a treat with all that's within walking distance. But the hotel is shabby and not well maintained. Spend your money at a nicer hotel elsewhere in NYC and enjoy a better experience.
Also, it's a little suspicious that 4 recent reviews are by reviewers who have only reviewed one hotel (this one) and have nothing but wonderful things to say about the hotel and mention employees by name. I would be leery about trusting these reviews; they seem fake and planted by people who might be associated with the hotel.