The apartment is very much as described and as per the photos. it has everything you need for a comfortable stay, and the location is really good, short walking distance to the Palace, Plaza Mayor, Puerte de Sol, Gran Via etc, and an easy 30 minutes walk to the museum district and Retiro Park. And there are plenty of restaurants and bars in close proximity.
The only negative aspect is it is very open to the noise of chairs being moved and people moving around in the apartment upstairs, and this went late each night.
if your not a light sleeper, then I would highly recommend this apartment to stay in exciting Madrid.