The place is as described and the location is fantastic. Very central and walking distance to public transportation as well. There are many shops along the street for all of ones needs.
Unfortunately I wouldn’t recommend this place for families with young children. We travelled with two kids. As the party street is nearby, there were people coming in and out of the building most of the night and were, well, understandably quite loud (still in a party mood). If it weren’t for the kids, this is a very good place to stay.