Not in the "perfect" location, but not far off. Both hip spots of Condesa and Roma Norte were in short walking distance, and if you're not up for walking a few blocks, a $2-4 Uber ride is about all you'll ever pay to get to just about any of the best restaurants and bars the city has to offer. The balcony is a great bonus. Make sure you get a few beers or bottle of bubbles when you arrive so you'll be encouraged to get up there. Neighborhood felt safe. Apartment is great, but isn't brand new, so expect it to feel a little "lived in".