If you like to eat and drink and party this place is close by everything! Bring your ear plugs to block noises from outside. You will hear any kind of noises from outside (trash truck, the police, bars, etc) the sunrise is in between 9:30 to 10pm,. You will find almost everything close by, the grocery store, bars, shopping etc. During the day the Madrilenos (people from Madrid) takes a nap after lunch, so sometimes you will find the City empty (good for me) but a lot of places closed too. Be careful with scams around the City, any kind any shapes. Police is always around the tourist area, but still, be careful. I didn't have the chance to see a lot of places in Madrid, too busy. But Madrid is beautiful.