We enjoyed our stay in this "little" serene apartment very much. Although small we were comfortable. A great location too in Little Italy. We arrived during their festival and found the apartment smack in the middle of it! Surprisingly quiet we slept well despite the late night festivities and would recommend it as a safe step off into the city.
Easy to get around on foot and by bike. The subway, too is not far away. I think it would be hard to keep a car here. We had fun navigating the city by bike. The Bixi bikeshare makes it cheap and easy with bike stations everywhere and two close to the apartment, so stay and enjoy yourself!