I did it about 15 years ago. It reminded me of every other New Year's Eve event I've been to in any other city ... except that there were half a gazillion people pushing on us from every direction; and you stand around and talk to complete strangers who are also not native New Yorkers.
The ball drops and chaos ensues for a few hours while people roam the streets looking for a way out.
Unless you have already booked a hotel, forget about it. Park in New Jersey and take the subway ... it's cheaper.
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