Some updates/repairs should be made...peeling wall paper, crooked bedside lights, corners of bathroom kinda dirty. Don't be alarmed by the tiny hallways! I can't complain though. I will definitely stay there again!
You will not find a better price for the location. You are basically a block and a half away from Times Square in a central location to all the sights. I walked to Grand Central Station, Bryant Park, Radio City and Rockefeller Center, landmark cruise on the Hudson, Penn Station, Macy's at Herald Square, shopping on 5th Ave and the Avenue of the America's, and Central Park. In addition, it is only about a half hour cab ride from LaGuardia.
In terms of amenities, continental breakfast and wifi is included which is hard to find! There are shampoo, body wash, hand soap, and body lotion dispensers in the bathroom so you can leave those extras at home. The bed was comfortable and there is an iPod Dock/alarm clock and a nice flat screen TV. Oh also there is a little park right across the street!