No qualms about this place, really, other than the fact that it's on a street that's rife with shady characters. Menandrou Street is crowded with groups of men doing God knows what at all hours of the day. I suspect many of them are doing business involving drugs, but the important thing to note is that they don't seem like the violent types. You just have to be confident, keep your belongings hidden away in your backpack, and walk by them quickly. What's great is that the street is not far away at all from safe, more public areas, starting at Monastiraki Station which is a mere 5-minute walk away. So just know that you're a short walking distance away from very public spaces with many people.
Menandrou aside, the hostel is great. I stayed for 7 nights and had booked a 4-person female-only room. For the first 3 nights, I was by myself (and there were 3 beds in the room as opposed to 4.) For 9.11 euros a night, this was a great deal! For the remaining 4 nights, I stayed with a lovely lady from Italy.
The staff that work here are nice, friendly, and quiet - they won't bother you or anything; very respectful and considerate. Coffee is available 24/7 in the lounge/cafe area, as are 2 bikes for renting if you so choose. Not sure that I would use a bike on Menandrou Street though, as there are usually lots of cars rolling past and, as mentioned before, clots of people along the sidewalks.
The rooms are quite spacious, the beds are comfy and clean, you are given a clean towel and facecloth (both still in their packages) upon arrival, there is a laptop to be used in the common area, and coffee is available 24/7. I didn't bring my laptop, but it's great that wifi is available in all the rooms. The TV has many English channels, including BBC and MTV. ;) There is air conditioning for summertime and a heater for the winter (I didn't know how to work the heater until my roommate on the 4th night asked the staff how to, so maybe ask for their help if you don't know how to work it either.)
Although I had read that there was an offer of 4-euro breakfasts at Soho when I was researching it, they seemed to have stopped that service when I was there (Jan 17-24, 2013).
The bathroom was clean, the toilet paper was well stocked, and the garbages were emptied every day. There are balconies in every room that are useful if you smoke. There's a little mini fridge to store your food in if you decide to get stuff from the mini markets near by (there are many!)
Overall, a wonderful hostel in an area with some shady people. But I am a solo female young traveler, and I was never accosted / robbed, and never had any problems other than the odd over-friendly/creepy person. My advice is to set out at 9/10AM to avoid the groups of men, and then return around 5, 7 or 8 at the latest. There are groups of policemen outside the hostel, which is comforting.
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