Pros: The location is good because the easy access to various subway lines and nearby living amenities. There are also so many types of good restaurants around. Peggy is also a responsive landlord and you can always get timely reply from her. This place is budget-friendly and you will not spend much on housing if you want to leave for several months in NYC.
Cons: Given the price, you cannot expect too much from it, especially the amenities and cleaness. There is no place to cook. Please be prepared for rats or/and cockroaches, especially in summer. In addition, since it is close to subway and bars, it can be quite noisy at night, and occasionally you can hear people party on the third floor.