The location is okay in that you can walk to many attractions in NYC. The neighborhood is safe enough.
Everything in NYC is expensive. So in comparison to many other Airbnbs we stay at, it is very expensive for the level of Airbnb. It felt more like a hostel. It was clean, but was sparse , outdated, and could use some upgrades. The beds weren’t very comfortable. Having said all this, for NYC, it was still cheaper than a hotel for our size family. If you plan to basically just need a place to sleep and shower, then it dies the trick. But otherwise if you want to hang in your Airbnb, then difficult. No sitting room, no tv, etc.