The apartment is very conveniently located right off the Wenceslas Square and close to public transportation. it's located in a historic building (interesting architecture with an inner "yard" but the building is in need of some renovation) overlooking a town square with a market. The apartment itself was simple but clean and comfortable for a short stay. Expect noise from the street like in any big city on a weekend night. Short walk to Old Town and most of the tourist sights, we walked everywhere. Note that you need to pick up the keys to the apartment at a completely different location, about 10 min (walking) away. Parking in Prague is not easy, we used the garage on Panska (be warned that the attendant there could win the award for the least friendly human... looking annoyed and irritated even by Eastern European standards).