It's not the apartment of your life.. it's not cozy or very familiar, since it doesn't have any common area a part from the kitchen (pretty small for 6 ppl, btw). Moreover, the location won't really facilitate you make the most of your time if you really wanna visit many things downtown, in Soho or Brooklyn, since it'll take you between 40 and 80 minutes to get to all those spots if you go by public transportation.
The bed was SUPER uncomfortable and old and it even caused a small pain on our backs for having to sleep there for 6 nights (and we're young ppl under 30s!).
Still, NYC is soooo expensive that this apartment is a pretty OK cheap option. I mean.. at the end of the day, you get what you pay, don't you? ;)