It's a very short walk to the Grand Hyatt, good neighborhood, rates should be reasonable.
It's on 47th Street between 2nd and 3rd Ave. May be as low as $60 a night for a single private room.
http://www.bootsnall.com/hostels/usa/nyc/815.shtmlVanderbilt Y, located on Manhattan’s fashionable East Side, has a classic style matching that of its neighbors which include the United Nations, Grand Central Station and Fifth Avenue. All major tourist attractions are easily accessible.
This locations provide travelers from every continent on a budget with great value. Ideal for visitors who want to experience the city’s multi-faceted neighborhoods as well as its fabled sites and entertainment venues but without breaking the bank.
The YMCA’s of Greater New York offer:
- Single & double rooms (bunk beds)
- Shared bath facilities for men and women conveniently located on each corridor
- Daily housekeeping service
- Color TV and air conditioning in each room
- Restaurant
- Health and fitness facilities including swimming pools, cardiovascular equipment, indoor track and more
- 24 hour security and reception to assist you with all your needs
- Guest laundry facilities
- Concierge services
- Easy access to public transportation