We stayed in this hotel the week after it opened, for an introductory price (half of the going rate in Manhattan for similar hotels); at the time there were no reviews to be found anywhere online. Although we expected some minor kinks that would need to be worked out, we were positively surprised: other than some minor issues with the wifi we had no problems at all.
The room was very small but practical, and the windows did a great job keeping the noise outside. (It probably also helped that we got a room close to the top floor.) All the basics are covered: usual BW breakfast and wifi in the room are included, coffee machine in the room.
Since the hotel is brand new, everything is neat, clean, and bug-free. The staff was friendly and helpful, too. The location can hardly be beat. Unless they become as expensive as fancier places, this will remain to be a great place to stay in Manhattan for a while.