Good stay overall, trip into port authority by 119 bus takes between 20-40 minutes depending on traffic. Trip to Hoboken path station by 85 bus takes about 10 minutes.
If you're bringing a car, the cheapest option is to get a temporary parking pass from the parking authority. The cost is 5$ a day. You will also have to move your car every 2 days due to street sweeping, not including weekends.