First thing first: Yes, the apartment is not a modern one. So get over it quickly, cause you won't find a better price for a place so close to Times Square. Now, the best part is to get to know Claude. He is simply a great guy with a lot of history, if you happen to cross him, take the time to talk. He is discreet, and lets you breakfast in the morning! He lets bottles of water and Pepsi in case you need them. You can take his own WiFi mobile router with you to the city, so you won't spend money on roaming data!! He has great advices on the places to visit (ask him about Rudy's Bar). He is doing his best to remodel the place. Even though it's a popular neighbourhood, it's extremely quiet at night and you can sleep as you deserve it after a day walking NY. You could find a better place, for sure, but then you won't meet him, and you probably won't be near TS, which is a big plus when walking around the city.