Pros: Awesome location (subway in 6min away and buses in 3min for M101, 102, 103, near Empire State Building and Trader Joe's is 3 min away as well), price, and communication. If you just want a place where you can eat, sleep, and shower, this is perfect.
Cons: small room (I assume 2.5m wide, don't know about the length), windows cannot be open and are covered by shades (the room I stayed in was on the first floor so there was no chance for sunlight), cockroaches (I saw 2, one alive and the other dead, but except these, I haven't had any problems with bugs), water leakage from the ceiling (which was fixed), WiFi issue (sometimes it didn't work and I had to use the street WiFi), toilet sometimes not being flushed right away, old TV with 2 horizontal lines
But except for these, I won't complain. Most basic tools and utensils that people would need will be provided. Also, you go to New York to travel outside, not stay indoors.
I would say you get what you pay for.