For the positives, it's a cheap place with all the amenities. I think it is good if you are visiting NY and not using the room much instead of just sleeping at nights. They are problems with it as well though as noted below. I DO NOT RECOMMEND this place.
Distance: To give you an idea of distance, you can reach Times square in an hour by the Subway. You can judge if that is close or far for you.
Noise: The room is super close to the train tracks. The trains run all night, so it can difficult to sleep with the noise despite the ear plugs! I did not sleep well during this trip.
Privacy/Security: The bedroom doors don't lock from outside. So I worried about my stuff in the room when I went out. The room locks from inside but the locks are so fragile. The bathroom door is also fragile. The last night I was here, a stranger/new guest forcibly pushed and almost broke the lock of my bedroom door before I woke up and he realized it was the wrong room. I couldn't sleep the rest of the night as I did not feel safe in the house.
Communication and House rules: Shera has these elaborate bath room times she wants us to schedule. I followed them. One day another guest just moved my time and went in instead. When I noted this to Shera, she told me to adjust instead of talking to the other guest about what they did. Well if you cannot maintain the rules, why make other guests follow them in the first place? I lost one hour of time that morning. Also from my communication, she seemed less receptive and more of finding faults in the other person.