Please check out Stern's PT students statistics. Average GMAT for PT students is usually way below those of FT. I remembered Stern was 650 for last year, but I might be wrong. Anyway, Good Luck.
Today I went to Stern's info session. A lady, Healther (or Heather?) Daly (?), introduced the program and answered questions.
What I know is that you don't need hurry because her office won't look the applications until the deadline. What she said is that her office needs whole applicants info.