I think 70$ for a bed is alot, even in NYC. If youre 2 or 3 people, you can get a much better deal on a semi-nice hotel.
last year me and my gf were in NYC 2x to see Furthur, and both times we stayed near the Queensborough bridge. Never paid more than $90 a night (and we were 2 people). We had a car, so getting to the shows, or to the subway wasn't an issue, but I can see how it might be convenient for some to stay in Manhattan.
not a bad deal but sounds like you were outside of NYC in queens. You will be hard pressed to find anything in NYC for under 70$ that is not a hostel. The place I stayed in was cool it was a really old building not in bad shape you could smoke in the room and for the 6 hours we spent there it was adequate. In a really nice area too!