Pros: Within walking distance to any train you might want to get on - convenient location. The price was good for Manhattan, especially last minute. Luggage storage was great for being on the go before/ after check-in & check-out, although it takes a minute to get the bellman's attention. Roof-top bar is slightly cheesy but a great place to unwind and regroup before your next adventure out. Room was small (but, hey, it's New York - and cheap) but in decent condition and I was only there to sleep which it did fine for.
Cons: Front desk - I've had nicer & more courteous in other hotels. The room in general didn't have as many (or any, really) amenities as other hotels I've stayed in, but the last minute price made up for it.