Not Great!
My husband and I stayed here in September and the hotel was terrible, we stayed in a room that we were told had been recently re-novated, which I am pretty sure it hadnt been.
The bedding looked like it hadnt been washed and I felt I wanted to give the room a good dust and the floor a good mop!
On the up side the location was great and as you are out and about during the day it really is only somewhere to sleep, so if you can put up with a lot of dust etc then this might suite you, but it certainly wasnt for us.
We stayed in better YHAs when we travelled Australia some 10 years ago!
We would definitely return to New York but would give this hotel a huge miss.