This apartment is central to some of the best tourist spots in Madrid and there is ample public transportation nearby. There a numerous bars, restaurants, and shops within a short radius. There is a lot of light in the apartment because of the broad vista looking over the plaza. At the same time, this proximity to the plaza makes the neighborhood extremely noisy at night and into the early morning and one cannot avoid the noise given the apartment so close. If you plan to stay out late, then you probably won't be bothered by the noise.