The apartment is in a great neighborhood in lower-midtown Manhattan, within walking distance of Herald Square, the Empire State Building, nightlife, etc. You can actually see the Empire State building from the street corner :-p
The subway is a 5 - 10 minute walk away. There's tons of restaurants in the area, grocery stores such as Fairway and Trader Joe's within a 5 minute walk, a pharmacy (Rite Aid), even a laundromat and a hardware store!
Anything else you'd like to know, feel free to ask!