If it's your first time ever to Madrid or you are not familiar with the area, this is a great location to be in. It is unbelievable how convenient everything is within walking proximity of the apartment. I traveled with my cousin and sister and we felt pretty safe
Of course with any city everyone should have a watchful eye. However, it was great to know that at night whether we went to a bar, restaurant, shop or commuted from the Metro, we were within 10 minutes max from our apartment. *** BONUS, There is an exact conversion counter 5 minutes walking from the apartment to convert currency, also a great because of prices and not walking far with loads of money cash.