I was thinking about NYU, but probably would never have a chance there considering a low SAT score (1050)...
Is NYU really worth it? They charge an arm and a leg for tuition (as do many schools), but there are probably many opportunities other than NYU that you can get the same quality education for a better price.
One of my teachers said you should apply to at least three schools. The first school should be somewhat of a reach for you - for me, it would be NYU. Your next school should be one you are a bit confident you possibly could get into, but not 100% sure. Who knows? And your third school should be one you are positive you can get into.
If you ask yourself why you want to go to NYU, and your answer is solely because of its location, then consider other options.
"We like to snark around here. Sometimes we actually talk about theater...but we try not to let that get in our way." - dramamama611