Hi Lina -
I think the area is good. It really depends on what you are looking for. Its relatively quite and safe, but its going to be a little walk to the PATH or restaurants. Personally, I like being a little off of Washington, but I don't mind walking an extra 5-10 minutes.
As far as the price, this really depends on the unit - what is the size? what are the amenities? how are the appliances? how new is it? does it have parking? These are just some of the questions that would effect the price. There are definitely units MUCH more expensive than 380K there, but it really depends on the specifics.