This listing is great value for money - privacy of having the place all to yourself for a reasonable price in a very lively area. Ease of transportation and connectivity to the rest of the city. Although located next to a busy street and in between nightlife businesses, we weren't bothered by any sounds, though we did stay in the middle of the week.
Only thing I wouldn't suggest setting your hopes on is the "recent renovation" aspect mentioned in the description. Although in fairly good condition in general, there is much wear to the studio's floors, walls etc.