For value, you can't beat this spot. Myrtle was great to communicate with but you must be aware that many will not be comfortable in Mott Haven. If you're looking for the NYC experience you will find that this part of the Bronx is pretty rough.
As for the unit, we had some hiccups on day 1 regarding cleanliness. However, Myrtle rectified these issues asap.
TL;DR
Super cheap and decently close to Manhattan but the area is "industrial" to put it nicely and "rough" to put it bluntly.