Price and location in New York w easy access to downtown within 30-40 mins is extremely convenient. So for these 2 items, if nothing else matters to you its great.
There are about 16 min people there in the hostel which is a lot, and you'll definitely have people come in late, make noise, wake up at different times, etc. So sleep wasn't ideal by any means, again if its not a big deal for you, great but otherwise, you'll have interruptions during the night. Depends on who you have as guests too, had some last night who were quite loud at 1-2am.
Has fridge, locks (bring your own lock), 1 shower, 2 toilets / sinks, washer / dryer (convenient) and stove top (gas) & oven.
Sleep is important to me, so wouldnt visit again.