The HI-New York Hostel is quite a good deal, considering the very high cost of living in the Big Apple. I paid $50 per night, which bought me a bottom bunk bed in a room with three bunk beds for a total of 6 gentlemen. And the room was spacious enough to feel not at all crowded. The room charge also included a continental breakfast (cereal with milk, hot chocolate and a banana). A towel and shower slippers (flip-flops) was part of the deal.
The room was clean, well lit and had a few outlets for charging batteries. There was also one medium-size locker for each guest. Free WiFi was available from anywhere within the hostel.
In the hostel lobby, I found a reception desk, an information desk, and a very nice selection of bakery items at reasonable prices. There was a large TV lounge as well as another lounge called The New York Room.
I heartily recommend this hostel which is large, but offers so many activities which would apply to many guests, young and elderly.