Certainly quite extraordinary, despite also being remarkably cheap.
You can tell you're staying at a historic place, with unique decor overall and the rooms feeling like sleeping cabins on an old-timey train. They are admittedly tiny, but still somehow packing all the amenities (AC, TV, plenty of storage, etc).
There's a small cafe, and of course the bar (The Jane Ballroom) is plenty famous on its own, with people coming from all over the City on weekends.
The shared bathrooms are fine: mostly clean, and not too busy, the staff are pretty cool, and the location in the middle of Meatpacking and close to the West Village is quite awesome and anyway not too far from transportation.
The only problem was that the hallway for some reason smelled pretty atrocious - like one of those subway cars of which everyone steers clear - but fortunately the smell didn't get into the room, so it wasn't too much of a problem.