You get what you paid for
If you want be close to the subway, 5th avenue, madison square garden, walking distance to times square for a cheap price, this is the place for you.
the beds make noise, if you share the bathroom you won't find soap, shampoo, etc in your room.
you
... will get all the noise from outside, there is not double glass in the windows, so make sure you end your day very tired so you don't mind the noise at night.
but, what would you expect for that price?
staff is very nice, very friendly.