Teensy-tiny but clean & modern
Pros: great location in midtown east; reasonable price overall (but not so reasonable if you compare prices based on square footage); comfortable beds; good linens; clean; friendly staff; awesome rooftop bar; plenty of electrical outlets and a/v jacks for all your gadgets; and a tv at the foot of each bunk.
Cons: TINY rooms! -- Saying they are small is an understatement; a bunk room is only 100 square feet. If you are claustrophobic or suffer from anxiety in the least, do NOT stay here! The windows are also small so it feels like you are staying in a closet (plus, the window was blocked by the bunk bed so you could never get a "view"). I was in a bunk room with a friend and there literally is no room to move around. Also, there is NO bathroom privacy - so you must be very comfortable with your roommate. By no privacy, I mean that there is no door and the toilet faces the bed. Also, the shower surround (no tub) is glass so again no privacy, although the bottom half was frosted so not entirely see-through. Lastly, there could have been more shelves and hooks to store backpacks, purses, toiletry bags, etc. If you have large pieces of luggage, lots of shopping bags, etc., it's difficult to store everything where you're not going to have to walk over / around it.
I'd recommend this place if you're a solo traveler who doesn't mind small, dark spaces.