We had read about this in the top 10 Things to do in Budapest. We went early evening before dinner. We had never seen anything like this before. What a great atmosphere. Large open courtyard with all sorts of things hanging from steel poles etc. lamp shades swinging and bicycles hanging in the air etc etc etc. Several little bar areas and great selection of drinks and cheap. We stayed here about one hour and started talking to a few people near us. It was a very friendly place. There were many young people, tourists, and even elderly (like us). Great place. Don't miss it. You will enjoy.
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