Fabulous hotel
Just returned from staying here and was wary after reading some of the reviews on here. Also we met someone at the airport who was staying at the same place and he said he booked it because the price was good so that made us worry even more! However we could't have been more thrilled with the place. The lobby is gorgeous - lovely furnishings and design with a small bar where you can also get Starbucks coffees n muffins etc for breakfast. We paid about $12 for 3 of us so not overpriced. Our room could not be faulted with everything really good quality. It was advertised that we would have robes in the room. Unfortunately they weren't in the room on arrival but within seconds of a call to reception they were brought to us. On the list of items available from the hotel they are listed at $95 which I only read after I ordered them so went sick! However reception soon confirmed they were free to use and the charge only applied if they were taken from the room. Then there is that view! Queensborough bridge - just stunning - so much so we never closed the blinds at night - not wanting to miss a second of it. 
The staff were really helpful and the views from the rooftop restaurant were amazing. Sadly we didn't make time to eat there but the food looked fabulous and it was very popular at weekends from those not staying at the hotel. Basically we loved it and so glad we stayed there.
It is 5 blocks out of the main area, but what we expected with the close proximity to the bridge. Also we saw most of the city by foot in order not to miss anything so we got used to it - and it was exercise - which removed any guilt from consuming the good food on offer in the city :0).
Many people say that your hotel is only used as a base to the rest of your holiday. I disagree. I think it makes your holiday and there is nothing worse than staying in a substandard hotel - which this is clearly not. At then end of a busy day seeing this fabulous city there is nothing better than coming back to such a comfortable place of quality and that view is even more of a reward.