From the Times:
Bargain seekers, nostalgists and ascetics, take heart: the $200,000 apartment has returned to Manhattan.
And breathe easy: the location is not Yorkville or bust. At these prices, you’d be excused for imagining a box perched on the West Side Highway — or at the very least, a treacherous trek to the subway. Instead, you’ll find properties in Carnegie Hill; Avenue B in the East Village; Tudor City; and the East 50s, 70s and 80s.
Brokers and sellers expressed mild shock — and in some cases outright chagrin — that prime Manhattan property can now be had for a fraction of an A.I.G. bonus.
“When was the last time I saw these prices?” said Dan Danielli, a broker at Halstead Property. “Not in a long time. Let’s put it that way.”