A modern-day view would be pointless; there's no way to reconstruct the area. It has nothing in common with the present.

The past:

Although the immediate postwar years saw Times Square glittering more brightly than ever, the area’s old hotels – including The Woodstock – gradually fell into disrepair. By the 1960’s the neighborhood had changed so radically that landlords were no longer able to maintain occupancy rates. In the 1970’s the proliferation of the porn industry made Times Square into an uninviting and sometimes dangerous area. The Woodstock Hotel lost its sheen as well; occupancy dropped precipitously.