…because according to this article at NYTimes.com, Making a Comeback – $200,000 Studios, there are a number of properties in that price range. Now, are they small? (yes) Overlooking Central Park? (no) Penthouses? (ha!) But this article has found “10 studio apartments in prime Manhattan” that range from $199K to $269K. And they are nice spaces, however small.
In case you were wondering:
“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.”
If you always wanted to live in Manhattan, this is likely as good a time as any. Get more details at the article.