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Studio/ledge, best n'hood w/vu, $206k

For naysayers who claim there's no decent real estate below 96th Street for less than $250,000, we point you to the now-vacated ledge of legendary hawk Pale Male. Given the $18.5 million asking price for the 5,740 sqft apartment on the 8th floor, we figure the price per square foot at 927 Fifth Ave at $3223. Calculating Pale's ledge as 12'x4' (the nest, reports the NYT, is 8' wide), those 64 precious square feet come to a sweet $206,272. [Photo:; hat tip: NewYorkish]