In truth, they mean Manhattan, because they can be found in good neighborhoods Brooklyn and Queens, but generally it would be no never mind to be, but for this quote:
The elusiveness of these large apartments is hitting people with budgets of, say, $8 million just as hard as buyers with only $2 million to spend. And the fights for the apartments that are available are being won or lost in bidding wars.Only $2 million? What the hell is up with that? Based on a simple rule of thumb, that means that these folks are making at around $700K/year.
Only in the Times real estate section is this poverty.
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