Centrally located to all the main tourist sites in central Madrid. We could walk within 10-15 minutes of all our destination spots. We hit the heat wave in Madrid so 3rd floor can be a bit warmer but Eloisa was quick to respond with fans. Quiet during the evening hours which was nice when you have been out all day. Loved the market which was a five minute walk from the apt with two floors of local vendors if you decided to bring food in.