I've stayed here twice in their suites, it is awesome to have a living room and a bedroom in my opinion, it is in heart of financial district and you can catch bus, train or ferry to wherever you like, their breakfast option is quite well, watwr pressure is awesome and staff is excellent.
What can it be better more toilet paper and clean towel more often, bigger TV's in the rooms are a must! Everything else is workable.
It is safe and quiet hotel.
It is definitely older building which needs some renovation such as new floors and updated TV's (bigger) and new beds but all in all it is doable and affordable I will always come back and will be more than happy to share my honest review with anyone looking for a great stay in NYC.