SO MUCH SPACE!!!!!! Three bedrooms, two baths and a parking space for this price in the NYC area is incredible. Place was clean and the immediate street neighborhood was great. On the downside, the neighborhood just a couple streets in any direction wasn't great. After walking to Liberty State Park during the day, none of us felt comfortable walking anywhere else and drove instead. 3rd floor meant lots of stairs and the kitchen only had barebones supplies (no dishwashing towels, for instance).
The train stop being closed meant that we drove to Journal Square to catch the PATH train into Manhattan. A few extra minutes and some parking $$, but otherwise not a big deal.
Overall, it was a great value for us and pretty much exactly as described. The less than great neighborhood and no restaurants / stores within walking distance were offset by the large amount of nice space inside and inexpensive price.