We enjoyed our stay very much and the location was perfect for us. Walking distance to the Old Town Square and restaurants galore. Check out the Pub at the edge of the Park across the street! A great place to people watch!
The only downside to the apartment was the air conditioning which didn't seem to work that well. We closed the curtains by day and opened the windows at night. This worked for us but if you are unable to sleep with street noises this may not be an option. We recommended a fan for the loft which might resolve the issue.
We would definitely love to stay here if we return to Prague