The good: it's clean, the price is reasonable, and it's right by a subway station.
The bad: the bunks were a bit creaky and being right above where live bands play can be noisy even after quiet hours begin. I also felt more crammed in than other hostels; you can touch a neighbouring bunk even if you have short arms.
I won't say I'd never return if other places were filled, but it wouldn't be a first choice.