A fair hotel, a decent price.
As far as hotels in Vegas go, it's not the most beautiful. But if you want to stay off the strip and not spend an arm and a leg to do it, New York New York is a good way to go.
The rooms were large and quite fairly clean. They had all the amenities you could possibly require. My only complaint about our room was the serious lack of a view. We large windows on the corner of the building...and only really had a view of a portion of the roof and the roller coaster. Not the end of the world, but...mundane.
Because of the price it seems this hotel attracts a moderately sloppy crowd. There will be no shortage of overweight white people in flamboyantly colored track suits playing the slots.
I liked that the interior lobby was designed to look like you were in the middle of downtown new york, however, the architect would have been better served designing some window seating or something. We didn't eat here, but I'm pretty sure it's not possible to have a nice meal when you're directly across from someone loudly yanking at the slots.
Overall this was a decent hotel. If you're in town to take in the get some good food and see some shows, you'd be better off staying at the Bellagio or The Aria. If you're bringing you're 3 kids and you don't mind walking a bit to get everywhere interesting, New York New York would be perfect for you.