Very cool location. Balcony view is really special. Two bars directly below the unit (one called el medrono that has ice cold beer and good food/tapas. Walk in whichever direction you please and you'll run into landmarks. Madrid is a really walkable city. The traffic isn't extremely bad either in my opnion. My suggestion is to walk pretty much everywhere you go unless it is time sensitive. I stayed a month total at this airbnb and found new stuff to do everyday. Would recommend getting the madrid annual pass for museums. It's $36.06 Euros but gets you into all the museums multiple times including the Prado (which i think alone is 17 Euro per visit)