Pros:
-Amazing location (5min walk from Empire State Building), manageable price
Cons:
-WiFi costs extra (5$ a day) and sometimes barely works
-Luggage Storage costs extra (7$)
-Whole floor shares 2 showers and 1 toilet (men), so if your morning routine includes an important meeting, you might have to hunt for an empty toilet for 15-20mins
-Cheap Motel vibes with damaged doors, loud neighbors, weird smelling elevators
Conclusion: if you can lower your expectations of comfort and luxury and mainly want location above everything else, it‘s a good option.