This apartment is cozy, well appointed, and has an unbeatable location. You can easily walk to all of the tourist spots, or take a metro anywhere in the city. But it's situated just steps from a very convenient mall, with 2 or 3 grocery stores, a drug store, and stores with other essentials. Surprisingly you don't hear a lot of street noise, as you would staying closer to old town square.
The Franz Kafka head statue is really cool and puts on a little show every hour during the day. It will make you wonder why your own hometown doesn't have public art like it.
It's Prague, so you can walk in any direction and never run out of restaurants, bars, cafés, theaters, etc.