Very central and cheap for the location. Be aware that because of the location there may be A LOT of noise even at 3 and 4 in the morning. There are a lot of garbage trucks, ambulances and drunk people (on certain days) in the street. So if you don't sleep easily this might not be the place for you.
Also you will share common areas with other people, including a dog, so if you have dog allergies or anxiety it might not be the place for you. Other than that I'm very happy with my stay