We stayed five nights at the Verve Hotel and it was really great. We arrived late at night and the staff member at the front desk was very welcoming and directly offered us free bottles of water.The rooms were clean and spacious. Wi-Fi was a bit slow, but it was free. The breakfast was decent, nothing really special, but it included waffles and scrambled eggs.
As it was already mentioned, the neighborhood does not look really nice, but we always felt safe there. From the subway station, you can take the N or Q lines to Manhattan and you need about 15 minutes to Times Square station.
We would definitely recommend this hotel to everybody who wants to visit NYC but is not willing to pay the extremely high rates for hotels in Manhattan!