This place is very spacious with lots of beds for people to sleep. It is the only residential place in the building, with the rest being businesses, and at the bottom floor, a bar. Munich was very hot during our visits, but we were able to keep cool by opening the windows and turning the two large fans provided on full-blast. The kitchen is small, but functional. The main issue for people sensitive to noise is the bar downstairs, as others have mentioned. There is also a decent amount of traffic noise from the street below. During colder seasons, closing the windows would likely solve this problem, but when it's hot, you really need the ventilation.
Even so, the location simply couldn't be beat for a visit to Munich. Minute's walk to Marienplatz and Sendlinger Tor. Lots of shopping and food options nearby. It definitely worked well overall for our visit.