I live right in the middle of Times Square and Central Park, and a few blocks away from Radio City & Rockefeller, so I will say the tourists, commuters, and people selling stuff can take up all the walking space, but they're easily manageable and very patchy. 44St to 49th St is very dense, but once you're at 50th Street, it's open sidewalks.

The only thing about living in the area is all the restaurants around the corner are more expensive.

But transportation is amazing. So many subway lines run through there, straight shot to Central Park or to any of the other major train stations, and a lot of major events are held in those areas.

Easy access to free or heavily discounted Broadway shows