From today's NYTimes: http://www.nytimes.com/2010/02/14/realestate/14cov.html
These days, $500,000 will buy you a very nice home in New York City, even in Manhattan.
That price is "a comfortable entry level if you want a variety of choices," said Diane M. Ramirez, the president of Halstead Property. ... There is a small one-bedroom apartment [550 square feet] on the market for $499,000 at 817 West End Avenue. It's on the 11th floor of a prewar doorman building ...
In Park Slope, ... [Brooklyn], Ezra Orchard ,,, is selling a floor-through of about 750 square feet at 446 Fifth Street for $535,000. This apartment, on the third floor of a brownstone between Sixth and Seventh Avenues, is listed as a one-and-a-half-bedroom — the half being only 6 by 10 feet
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