The hostel is cheap, in a good location, and safe. These are the most important qualities to me, so the fact that it hits on all of them is great.
Having said that, I wasn't a huge fan of the shared kitchen and bathrooms, but I guess that's what you get with a hostel. Also, there was no soap in one of the bathrooms during my stay.
Overall I would recommend this place if you don't mind sharing a kitchen and bathroom. It is by far cheaper than most other places I could find.