Excellent location in Istanbul.
What you can expect are 2-4 mins walking you will find different cafes and eateries, corner stores, bars, Turkish bath and more. Around 10 mins walking is Taksim Square.
If you have any questions, you can go downstairs to the supervisor and he is very helpful.
The only downside is you have to walk upstairs. If you carry a lot of luggage it would be slightly difficult.