Pros: convenient to the J and M trains, coffee shops, restaurants, and delis that are open late.
Cons: There is a bar on the first floor that stays open late and plays loud music. I was given a room on the second floor and it sounded like I was IN the bar until about 2:00AM. After the first night I asked for a different room and was given one on the 6 floor. This room was much better. I couldn’t hear the bar anymore but could still hear every conversation and toilet flush in the rooms in either side. Fortunately my neighbors weren’t partying but I could see it being bothersome if they were.
Also, just worth noting, the bathrooms of the two rooms I had (queen + twin beds, sleeping 3) isn’t in an entirely separate room. There’s an opaque glass wall that looks directly into the shower from the main room. Don’t share this room unless you’re very comfortable with your companion.