The majority of this hike is near-flat, with the strenuous part being right next to the pond itself. I don't find the pond to be an amazing destination, so I would recommend the 5.2 mile Terrace Pond hike listed here. It will give you beautiful views of the surrounding area, which are lacking on this hike.
It was very peaceful, there was just nothing to see except the pond. This is my best photo from the hike. It was more exciting to look down at the tiny red efts and fungus along the trail than to look out or up.
If you plug 40 Stephens Rd, West Milford, NJ 07480 into Google Maps or your GPS device, it will get you right to the parking area, which is at the Pine Ridge Equestrian Center.