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The apartment is tiny, but is within 100m of the Gran Via, and is clean and adequately equipped. We were met by Jesús who showed us how everything worked, and made sure we were settled. Mercedes was also in touch to check everything was OK. From this base we were well able to explore Madrid. So we can recommend this, but be aware of the compromise you are making. If you want something this close to the Gran Via which is spacious you will pay a lot more.
There was some work going on in the building during our stay, drilling and so on, but it was quiet in the evenings and at night.
Great experience, good location and a nice apartment. Antonio was also very helpful, showed me around and was available if ever anything was needed.
The rooms were great, had wifi and a tv, i really enjoyed my stay.