This is a lovely space, in an quiet and interesting neighborhood, not as touristy as areas like Centro. Quite an attractive space, it's a few blocks from 2 different metro stations. There's a number of bars and restaurants in the neighbor, literally a stone's throw from the door, and a couple of smaller art museums and spaces, including Conde Duque which also has performances. Theirs a nice Shopping area and El Corte Inglés about 6 blocks away.
A good place and value.