Not too bad
The hotel was fine and the room was clean. Staff were very friendly. The subway entrance is right across the road on the corner. Although they don't serve breakfast, you do get a voucher to get a special discount breakfast across the road. Central Park is a short walk away. If you are going to NYC and want to be close to the main action then it would be better to stay closer to Times Square so that you save yourself the traveling time. We found ourselves waiting for the subway later at night.
For budget accomodation it is not too bad.