New York Palace is a great location
where we have stayed many times over the years. We can easily walk to the theatre district, shopping, museums and restaurants. The hotel's public space is gorgeous and I used to think the rooms were awesome but on this last visit, they seem to be showing some wear and tear and don't seem quite as pristine and glamorous.
The staff is extremely polite and accommodating and the house keepers do a GREAT job.
We found the $15.99 per day charge for wireless internet to be a bit over the top in this day and age of most hotels offering free wifi. 
We never have had breakfast at the hotel as the prices are off the charts but there is a wonderful Pain Quotidien a few blocks away that serves a great breakfast.
My husband would love to see an in room coffee maker and was pretty upset we had to go out of the room for that first cup of coffee or pay a huge price for in room delivery.
We did take advantage of the complimentary shoe shine service and enjoyed free NY Times delivered to our room.
All in all it was an enjoyable stay although there was loud banging noise outside our room that seemed to be something to do with the heating system and it kept me up a couple of times in the middle of the night. Of course, this is NYC so you expect to hear sirens and other city noise but overall we slept well and the bed was very comfortable. The wifi charge and lack of coffee maker in the room seemed inhospitable on this visit.