You are basically paying for the location.
The apartment is well location with good bars and restaurants. As stated in previous reviews, the apartment is extremely small. Perfect for a solo traveler and someone who traveled light. Not enough space for large luggage. You do get a a lot of natural sunlight in the morning. The apartment wasn’t so clean upon arrival. Next to bed there was a lot of bust and receipt and price tags collectively from previous guest. And the bathroom toilet is extremely tight and small. Not suitable if you’re extremely muscular. Nevertheless, for the price I’m sure you can find better space, but if you’re someone in and out, then it’s a perfect set up due to the location.