Rooms are more like a nice hotel room that you share with other people. Also well positioned with just a short walk to the subway.
Friendly atmosphere and staff. If you're looking to meet people this is your place
In a fantastic location. It's noisy outside so if you're a light sleeper you may struggle with the noise but its time square so you have to expect that
A good place if you're looking for somewhere cheap however you get what you pay for. If you're just looking for a cheap room to stay the night then this is your place but if you're looking to stay here to see New York you'd be better paying a little extra and going with one of the hostels in town.