It is close to Museuoplein, but quite a walk to the rest of the sights. No lockers. No real outside area to sit (or sitting area other than the small kitchen/reception) and hang. And it was a bit pricier than some other, closer to the center hostels.
It is just outside the heart of the Red Light, which is a great place to start exploring Amsterdam. It is a 5 minute walk from teh main train station, which helps in the getting in/out process, especially with bags.
Great party hostel. The staff was very friendly and went out of their way to help people staying feel at home. I needed a place for a night, and I really lucked ino this as a last minute booking.
The location was a bit far from the city center, but it was walkable. The food was amazing -- free breakfast and dinner goes a long way. No lockers, but I wasn't concerned at this hostel. The major problem was the 1 am closing time, which limits the availability of going out in the evenings. Other than that, great place. Would stay again.