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Across the street from the New Museum, this former 1920s-era flophouse has been resurrected as an upmarket hostel, its rooms decked out with Bowery-themed film posters and custom-made mattresses (ie shorter and narrower), while communal bathrooms feature rain showers and heated floors. There's also a stylish lounge area with chesterfield sofas and chandeliers, a buzzing bar and a roof terrace.
Light sleepers may wish to avoid this place, which attracts a nightlife-loving crowd; earplugs come standard with every room.