Excellent value and very close to the major attractions. However if you're in Istanbul for more than a few days it's not the most convenient location as far as a launching pad to the rest of the city. The closest transit is a bus stop a couple blocks away. Istanbuls metro and trams are excellent but the buses can be a bit of a wait. Also if night life is what you're looking for, this is the wrong neighbourhood but that makes it nice and quiet during the night.