Prime location to most places you want to visit within Amsterdam. Walkable to Van Gough museum, heineken experience, and the Rijksmuseum. Also across the street is leidseplein square which has a ton of bars and nightlife going on. There is also a casino nearby. Can't stress the location enough.
The hostel itself was good or average. Clean enough, wifi only in the lobby which is a bummer. Multiple card swipes to get to your room is annoying but makes sure your safe at least. The front desk is nice and extremely helpful with everything from directions to tours of the city. Bring your own lock because you'll have to buy one there, and they also don't rent towels only sell them. If your a student on a budget and need a place, this is a very solid option. Lots of students and young people were staying when I visited and its a younger crowd.