Great location , next to a huge park residential and about 30-40 minutes to the sites and plaza and all that but madrid is a great city to walk in and it’s huge and you won’t get to all the neighborhoods. I highly recommend this place and also mapping out yourself the places you want to go. There’s great food in madrid that’s not Spanish and IMHO the ethnic food is way better than tapas or the endless dry bread of Spain so be sure to find them by search before heading out. Lots of drinking holes and groceries and fruit stores all around but you have to not be shy and go by foot. I loved madrid and this was a favorite stay for us. It’s got one actual bed and a pull out sofa. There is a full kitchen as well and AC. The area is really quiet and helps to sleep in. The park is really big and people are always exercising in madrid it feels like. Very much enjoyed the stay here.