I was in NY this past weekend and stayed at 1291, I paid $234 for two nights in a private bedroom sharing one bathroom per floor (there was just another room in my floor). That included free breakfast. That's on 55th W between 8th and 9th av. It took me about a minute to get to Studio 54 from there and just a couple of blocks to get to the other theatres. It is also pretty close to Lincoln Center.
"Some people can thrive and bloom living life in a living room, that's perfect for some people of one hundred and five. But I at least gotta try, when I think of all the sights that I gotta see, all the places I gotta play, all the things that I gotta be at"