Great place to stay - the apartment is immaculate; the alcove has plenty of storage and the bed is very comfortable. No issues with the summer heat of NYC - the aircon took care of that.
Such an easy walk to Central Park and felt safe walking back at midnight from Times Square. The subway is close by, but it's too tempting to walk in NYC if there to sightsee.
Flying in from Newark? Recommend a $26 round-trip via bus (or $16 1-way) to Grand Central station and then an $8 cab to Penny's.
Penny always had a big smile and was eager to help out in any way.
Go stay there - you couldn't do much better.