For the price and location it is a good stay. Kind of like a hostel but with a private bathroom. Wish there was more than just a single stool to sit on for putting on shoes or watching tv. And there is barely enough space to open two suitcases at once. It is a lively area, bars etc open late. Good if you like that kind of thing, but if you don't you might mind the noise from the street.
But if you want to stay right in SOHO and don't mind barely enough space for two people, this is a good place.