Excellent location, with the nearest subway stop (2 & 3 lines) just a 2 minute walk away. So the major tourist attractions like times square, empire state building, Rockefeller center, the museums etc just 30 minutes away. Right next door to central park.
The bed was very comfortable, and Gaudhi and his flatmates were great hosts. It IS a proper bed, and not the couch shown here.
That said, a couple of things to keep in mind: Just one bathroom is shared (wasn't an issue with me as I was up by 8 each morning), and the room faces the street, so you hear a lot of chatting of the ppl walking by.
All in all, absolutely perfect place if you wanna use it like a hostel.. i.e only to crash in the night after roaming the city all day.