It is better than I expected. The apartment is located in a nice neighborhood with lots of restaurants, cafes, and bars. The bedroom is clean, well equipped and well decorated. The host, Oliver, is very accommodating and friendly. Overall, it is a good deal and well worth the money.
Caveat: The closest subway station is indeed 3 minutes away on foot and it only takes one stop to go on Manhattan, but it is shut down on weekends until June 2019. So be aware of that when making travel plans.