Michael waited for us to arrive for 2 hours because our shuttle took more time that we expected, very much appreciated.
The futon is not very comfortable since you can feel the wood beneath, but I was expecting that already. And after a day in NY you get so tired that sleep like a rock ;) but there is also an air mattress you could use instead.
The apartment is a 10 - 15 min to the subway and pretty much the same to Times square, you will not find a better option price-location.