This is the best location in Madrid. Short walks to Sol Metro Station, groceries, Plaza Mayor, Royal Palace, restaurants, bars, shopping, etc. As others have said, it is a very noisy street, but with the windows closed and the fan on, even a light sleeper like me did not mind the partying below. We enjoyed coffee in the morning and wine in the evening on the two apartment balconies. The bed was comfortable, the bathroom was functional, the provided towels were great quality. We also loved having a washing machine and drying rack for our laundry!