Decent place, good location
Metro 1,2 and 3 are a one minute walk away. Express takes you downtown in no time. 
Duane Reade is just around the corner, as are Starbucks, Subway, some banks, churches, DVD rental and so on. Central Park is ten minutes away.
The old building has new bathrooms and old AC. A big bed and small, slow elevators. You can book tours in the lobby or a transfer to the airport. Wifi is available in the lobby as wel.
Our electronic door lock failed, so maintenance was quickly called in to replace the lock. This eastern guy was very friendly and professional. 
This was one of the more decently priced hotels in NY; because prices are going through the roof compared to other states.