Excellent location, albeit noisy, as others mentioned. Saturday nights especially are very loud on the street until 4:30am and trash pickup begins at 5:30am.
Upstairs neighbors are also very easy to hear- I was wakened by their alarm clock many mornings- it sounded like it was in the room.
There are 2 flights of steep and narrow stairs to carry luggage up. Tonnarello restaurant downstairs has some of the best food and service in the area. Walking distance to many restaurants and bars. This is the place to stay to have a good time! Bed and pullout couch were very comfortable. Download the Nasoni app to find the nearest fresh spring water spigots in the are for great tasting water without buying a ton of plastic! Not a lot of space or supplies for cooking. Small refrigerator- make sure to turn it on when you arrive.
Overall, a good stay.