This is an amazing price for the location. It is a short 5-10 minute walk from the metro station to get anywhere. Has plenty of places to eat out, enjoy fresh produce, baked goods, and other groceries. It takes 20-40 minutes to get to any major attractions, but we found that to be the case no matter where we were in Paris. It's a big place, so know that going in and your fine!
We would stay here again for sure. With that... you do get what you pay for. But it was worth it. Meaning we bonked our heads a couple times in the loft and the mattresses were not the most ideal, but aside from that the benefits far out weighed that small cost.