Excellent location, only a 5 min walk to the PATH then an easy journey into Manhattan. We travelled with a 4 year old and he loved the subway.
The apartment is as described and a good for a base to explore NYC. It's on a quiet street in a quiet building, so if you travel with kids (like we did) make sure they can keep the noise to a minimum. There are great places to eat nearby and it's an easy 20 min walk to the Hudson to have lovely views of Manhattan. We would definitely stay here again if we come back to NYC!