The property advised really nice restaurants nearby, like the Hlemmur Mathöll where we went twice (awesome beef and chicken burgers!). The area is good and convenient, close to the city center and with a lot of useful shops around. Beds are comfortable, everything is clean and staff is helpful. Kitchen available, but small. If you have to share it, it will not be easy and enjoyable to use. Some showers are not convenient at all (on the second floor), too small and with burning water. One shower door didn't close in the third floor. Overall, it's a good choice, not too expensive for Reykjavík.