The location of this place is perfect for exploring Istanbul. Super close to all the transit (ferries, tram, etc.) and right in the middle of the two directions you will head on your daily touring. The place was very spacious and comfortable.
I was in Istanbul during a particularly busy time in Istanbul - July 2022 during Eid Al-Adha. There seemed to be millions of tourists in Istanbul especially since Covid restrictions have been lifted. Yes, it was noisy outside at this location. But it was noisy everywhere in Istanbul. Be sure to bring compressible foam earplugs for sleeping and you'll be fine. The coffee shop right downstairs was very convenient.