It is in a good location to many sights! Be sure and walk both ways on Calle de Teledo because there are good things to see in both directions! The apartment was hot,no air conditioning and leaving the window open we heard a noisy alley below at night! We were able to walk to the metro to get around town and to go to the train station when we left Madrid,so that was good! There are several small grocery stores right there, you can also buy wine and beer at them! It costs 30 euros to take a cab from the airport but the train station was easy! Third floor apartment but there is an elevator!