The location of this apartment was excellent. A 10 minute walk to the Prado Museum and Reina Sofia. Yet, while being close to the tourist attractions the barrio had a lot of restaurants and groceries accessible, and there was a neighborhood feeling that was cozy and welcoming. The apartment worked well for 3 people, although the table inside only roomed two people. The kitchen was well equipped and had the necessary tools to make breakfast and dinner.
The terrace is large and welcoming, however it does not get any direct sunlight throughout the day. While the shaded terrace may be nice during the hot summer months, in the autumn it makes the terrace rather unusable as it is quite chilly without any sun.
For those booking this apartment take note of the extra cost for check-in at late/early hours. Ranging from 30-50 euros, which I think is quite steep for an airbnb. Lastly, it may also be relevant to state that this airbnb is owned by a company (they have about 30 properties in Madrid).