Pros: very pretty, well located apartment.
Cons: The rest of the building was extremely noisy. Not outside street noises, but the floors and apartments below us. The walls and floors were thin enough for us to hear basically everything the apartment below us was doing (from quiet chats, coughs, music, parties, etc.). Different rentals were coming home and making loud noises throughout the night.
This location is only suitable if you want to stay out late and enjoy the excellent nightlife of Lisbon (a great thing to do, just not what we were looking for and not what was advertised).