Could not be a better location
My room was on the center of the main historic street called Deribasovskaya Street. Everything needed was a very short walk--cafes, grocery store, hair salon, etc. I did not need a taxi ever. Room staff was prompt and friendly. The quality of the room was similar or better than most apartments in the old section of the city center. The cost was very low and reflective of the difficult times in Ukraine as of this writing (November 2014). I would rent it again but ask for the floors to be washed and bring my own slippers. WIFI was so-so but it is so-so in most apartments and hotels that I have stayed in in Ukraine. Everything worked. FOr the money I could not complain really.