I had a great stay here in May 2012 while in Manhattan on business. It's a great value: competitive prices for Manhattan and a much nicer place to stay than most hotels. Albert, the owner, was friendly and helpful and gave many tips on enjoying New York. The location is great (Lower Manhattan, near Chinatown and Little Italy, close to the subway). The wifi was fast. Everything was clean and neat, and the decorations (mostly art made by Albert) made it a beautiful place to stay. The living room/kitchen was large and comfortable. Recommended.
One note: the B&B is in a 7th floor walkup.There is an elevator, but it only runs during business hours. This wasn't a problem for me, but if you have trouble with stairs, it could be a more of a challenge for you.