I'll start with the good -- you get what you pay for at this place. The price is great for New York, it's right in midtown, the hosts were super communicative, and the unit is exactly as described. In addition, there is a little fridge to store food if you go out during the day which I really liked).
The bad -- very loud (couldn't sleep and could hear everything in the units next to us, everyone was screaming at all hours of the night, etc.) and dirty (floors were dirty, towels had hair on them, saw 2 cockroaches in our room).
If you're not planning to be in the room a lot and need a launchpad too and from Penn Station, this could be a really good option. It wasn't for me though, like I said, I think the experience matches what you pay for as the rate was very cheap compared to everything else I found. Hope this is helpful!