You need to carefully run the numbers. Here is one good calculator: http://www.finaid.org/calculators/awardletter.phtml
Do you have tuition and fees covered at both places, or are there still some costs for that at NYU?
Will you need a new laptop at NYU, or do you have an old one that is still servicable?
How much would your commuting cost each day?
Is the commute direct on just one line, or do you need to change between multiple lines?
Is your means of commuting one where it would be easy to get some of your homework done while in transit?
Two and a half hours each day is a lot of time to take away from potential internships, study time, and just general life stuff. The commute could make it difficult to participate in the things that are offered by Wasserman services.
What GPA do you need to maintain to keep the scholarships?