The location is very strategic and close to the subway. By walking, in 20 minutes it's possible to reach Chelsea- Soho and Tribeca.
Same for Penn Station.
But.
The room I stayed in was on the street side, with windows that doesn't filter the noize from outside: I've got 2 nights on 4 sleeping very bad, and, in addition of that, the bed was VERY uncomfortable. There were also whispers coming from the windows that I had to stop with one pillow, in a quite "engineering" way.
For me the final rate is C, but only for the position, but I don't think I would book it again.
Staff was ok, checkin and checkout normal.