This is a nice, affordable stay in the very center of one of the finest cities in the world. You'll find that you can walk to the French Quarter and the Riverwalk within minutes, which means that you're minutes away from some of the city's major attractions. It's a no-frills apartment with a palpable industrial feel.
The living room overlooks the side street, specifically the shipping dock of an adjacent large hotel; you'll be eye-level with one of its roofs. Beyond this, the apartment does not have another window. The kitchen features all the necessary appliances, but is stocked only with four (square-shaped) bowls and plates, and you'll have four mugs, beverage, and wine glasses too; there are about four pans of varying sizes and a tray of dining cutlery, serving spoons, spatula, and a bottle and can opener. There's a soap and sponge near the sink, and a roll of paper towels. There's no mixing bowl, cutting board, or some other essential items if you plan on cooking for yourself. No foil or anything like that either.
Bedroom is fine, bed is cool. Bathroom was clean and was fully stocked with towels, which was nice. Water pressure was kind of low, but I don't know how much control management has over that.
One thing I would have liked to be different was the apartment's lighting. I'm not a fan of florescents anyway, but I think it'd be great if the lighting was warmer to give the apartment more of a homey feel. The unit's exposed beams and bricks look and feel great, but during nightfall can feel cold -- warmer, consistent bulbs would add a lot to the feel.
Overall, I'd say the value of the space, given its location and amenities, is high. You're basically staying in a building of short-term rentals -- a hotel without any face-to-face interaction and customer service. If that suits you, you'd do well here.