Gothamist is reporting that New York Loft Hostel is now open for business and accepting reservations. Located at 249 Varet St. in Brooklyn (Subway: L to the Morgan Avenue stop), the hostel offers up a pool, jacuzzi, 2000-sq-ft garden, bunk beds and wifi. The price: around $20-something per night. If you're in New York for a few days or weeks, that's a steal!

Loft Hostel Opens in Brooklyn [Gothamist]