Perfect location! 2 minute walk to Puerta del Sol, which has easy access to the Sol metro station, as well as taxis. Our taxi rides around the city usually cost less than $10. Israel was an excellent host, providing us with information on transportation to/from airport, pointing out popular attractions, and responding to messages/questions quickly. Yes, it was loud at night as other reviewers have mentioned, but Israel easily fixes this problem with ear plugs. Couldn’t have asked for a better stay in Madrid!