This is a great place for a family/group to enjoy. The rooms are spacious and bedding very comfortable. All the appliances are brand new and top of the line. The living room gets some noise from the outside between 12am-2am but I guess that comes with being in the city. However, the bedrooms are on the courtyard side and it was very quiet.
The area is a few blocks from the main shopping strip called the Gran Via. We walked to all our restaurants and took the subway as well. With any city, you need to exercise caution. We had a great time in Madrid thanks to being able to stay in such a high-end apartment.