It's a very charming place but everything is very very worn and feels like you're staying in a thrift store, lots of broken objects, tiny plastic shower, very dirty mattress, torn sofa cushion. The loft is so low you can (and probably will) hit your head at least once. The location is painfully hip, it is quiet and has good AC, clean sheets & towels and floors.
I don't know, we didn't hate it but for the same price you could stay in a very nice hotel so I guess it's a value thing.