Well located flat in a very busy neighbourhood. Upside - close to everything and within easy reach to all Tourist sites. For that - place works just perfect.
However, if you are looking for quiet place with plenty of ambience - this is not the place. In reality, being so close to the Galata bridge intersection means a lot of noise from cars and party goers. Furthermore, mornings will be busy with building noises and trade people.
Every place has it's guest and I am sure this place would tick a box for many.