My husband and I just returned from a three-day weekend in NYC in this fantastic apartment, and can not praise it highly enough. First, the apartment is absolutely beautiful, and far more spacious than most any hotel room you'll find in the city. Having lived in New York, I can assure you that the bedroom alone is larger than any apartment I ever had there, and the apartment's very fine fixtures, furniture, and artwork should satisfy the most discerning tourist. Second, this particular section of the West Village is especially nice, with great shopping, dining and people watching. From a transportation perspective, you're also just 10 minutes from the 14th Street subway station, which will get you most anywhere you want to go in Manhattan or the other boroughs. Bonus: You're just 5 stops to Williamsburg, which is a great launching point if you want to explore all the cool stuff that's happening in Brooklyn.
Adam, the owner, is mellow and super responsive. He also provides lots of good suggestions for dining spots in the neighborhood.
All in all, highly (hugely) recommended. As longtime VRBO user, I know one should be justifiably skeptical of the first review of any property. However, this property also has been listed on airbnb.com, and I would urge you to check out that site if you want to read other fantastic reviews for Adam's condo.