It's sugar-coated shabbyness. I have been there in wintertime, all the rides and attractions were closed, but it´s still nice to have a walk on the beach or spot some funny looking storefronts and vintage-looking rollercosters. A perfect backdrop for photoshootings, a gem for friends of vintage typography. On 4th of july hot dog eating contests are held here (they actually do that!).
Its an image imprinted in everybody's mind: the background for hundreds of movies, ads and commercials. Actually standing on a saturday-night at Time Square, hearing dozens of different languages of tourists around you, and being fully emerged with the sounds and light, slightly frantic and crazy… You are in NY.
The operators of the Peter Pan bakery make the best donuts I've ever tasted. This place is charming to its core. Decor and presentation: circa 1971 & virtually unchanged since.