Great location with plenty of things to do nearby. Also, great coffee place round the corner (Fabrica) and some great bars/restaurants. Also, we only noticed on one of our last nights that there's a convenience store right opposite the studio, so a real winner. Only a few minutes walk from Trindade station, so mega easy to get from the airport to the studio.
Not entirely sure if it's how it is all the time, but was pretty noisy outside as near bars/clubs. Makes complete sense and we thought that it may be the case, so wasn't an issue for us at all!
All in all, if you want to be in an amazing location and will be spending time out in the evenings, this is a great spot.