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Real Estate History

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How much did a 1,290-square-foot two-bedroom with a balcony in Yorkville cost in 1968? According to last night's episode of Mad Men, $28,000. The prospective buyer was career girl Peggy Olsen, and the broker told her that the value of the unit would "quadruple" when the Second Avenue Subway opened. It's 45 years later, the SAS still isn't here, and property values have done way more than quadruple. Today, that same type of apartment?which also has a powder room, parking spot, and views of the FDR East River?runs about $750,000. [Gothamist]