The Museum of Contemporary Art, situated in the former Conde Duque barracks, showcases in two rooms part of the modern art collections owned by Madrid City Council., including a reconstruction of Ramón Gómez de la Serna's study.

The Museum's collection fundamentally includes painting and graphic works, although the media of sculpture, photography and drawing are also represented. The exhibits are organised into the following sections: Form and Gesture, Figure and Reality, Image and City and Uniqueness and Multiplicity, categories that all feature painting, sculpture, drawing, photography and engravings, from the early avant-garde to the present day.

Like a museum within a museum, visitors can also enjoy a reconstruction of the study of writer Ramón Gómez de la Serna (Madrid, 1888 – Buenos Aires, 1963), a central figure in Madrid's artistic avant-garde movements in the first third of the 20th Century. This space contains artistic and everyday images as well as objects collected by Ramón in his 'wonderful' microcosms. These objects are linked, through their artistic versatility, to the content of the permanent collection.