My wife is going to be meeting a friend from Europe in NYC for a few days in August, and we've been looking at budget hotels and hostels as we're on a relatively small budget.

Anyone have any recommendations on where to stay? They'd prefer to be somewhat near Central Park if possible, but doesn't have to be for sure.

Price range would be not much more than $60 per day (per person)...there are a few options, but nothing that we've ever seen or know anything about other than the internet recommendations...