Well worth the money - by NY standards that is.
Everything is on par with a 5 star, only some minor glitches (noisy room doors, few stains on carpet, terrace door broken).
It is so rare to find a really good hotel in NY with huge rooms, that you forget about these, and service is much more efficient, fast and courteous than in other 5 stars of the city.
Yes, it does not have the glamour that you would find in Paris or trendiness of London's best hotels... but if you can afford it, it's by far your best choice, especially if you're on business.
Location is also contrary to some reviews perfectly central. Not the ritziest part of Fifth Avenue, but convenient for everywhere.
I'd just put some plants on the exceptional terraces (was expecting a tiny balcony, but got a stunning huge patio with a view of Empire State), and more staff at front desk.
Stayed for a while and it's the first time I thought of any hotel in NYC "if I could afford it, I'd live here".