No parties, smoking is allowed ont he teracce
In the heart of tourist district your apartment located on Pest side just next to the Basilica, 5 minutes walking distance from famous places like Deák Square, Liberty Square, the Parliament, the Opera House also from the Bohemian district where you can visit the famous "romkocsma=ruin pubs". Also you can reach the Danube promenade on foot. For families there are many programs avaiable as well, for instance the famouos Hungarian Zoo or the Circus is 10-15 minutes far by taking the oldest metro line 1, called the underground.
Excellent public transportation only 5 minutes walk from the apartment : M1=underground, M2, M3 metro lines, trams 47, 49 towards Gellért hill and many other buses leaving from Deák square for instance number 16 bus which goes to the Castle Hill.