Useful place if you're a large group and are not very fussy about using multiple forms of public transportation to move around New York.
The only issue for a large group is that there is only one toilet which makes it tricky to stay at the house without every guest waiting to go the bathroom.
Not good for cooking as the house is missing all the basic cooking utensils.
In other words, if you have a large group who is planning to sleep there and not spending much time at the house this is the place for you.