Now that Porcelli's is gone, the best place in Little Italy in my opinion.
GOOD STUFF: If I was going to show someone a little italy type place, Valerio's would be it. Small and crowded to the point of almost being smothering. Always a table of old Italian guys sitting there having drinks and food. Great food and the best Tiramisu I have ever had.
BAD STUFF: As above, small and crowded....buy hey, its LITTLE ITALY. I wouldn't want it any other way. Bar can get so crowded at times that it spills into the dining area. Can be noisy as well.
PRICE: about 80$ for two with bottle of wine.
OVERALL: This place is great! If you're going to have one dinner in little Italy this is the place to go. Feels authentic and the food and desserts are awesome.