Myself and my daughter stayed here for 5 nights in mid August. The location is perfect, 2 blocks from the subway - less than a 5 minute walk. The subway into Manhattan took approx 20-35 mins depending on which train you got. Around the location there are plenty of facilities like coffee shops and eateries. The neighbourhood is also very safe.
The basement itself is basic but has all you need for a stay in NYC if you are not picky. The bed is comfortable and the shower water is warm. We chose here to save money so we would have more to spend on our holiday and are glad we did so. I would stay here again! We especially liked their dog Oso