Is 34.6 inches big enough for a living room?

Yes for most living rooms. It seats four around drinks or a board game and leaves walking room on all sides. Very large sectional sofas may want a wider table.

Does it have storage?

It has one open lower shelf. There are no drawers or hidden compartments, so anything you store stays visible.

Is the top real walnut?

The table is sold as walnut, which usually means a walnut veneer over engineered wood rather than solid walnut. Check the listing for the exact construction before buying.

How many people can sit around it?

Four people can reach the top comfortably. A fifth can squeeze in, but the shelf limits legroom on the near side.

Does it need assembly?

Most round tables of this type arrive with the top and base separate and need the legs or pedestal bolted on. Assembly is usually a short job with the included hardware.

Will it fit in a small apartment?

The round shape helps in tight rooms because there are no corners to bump. Measure your sofa-to-chair gap first, since 34.6 inches still needs clearance to walk past.