You see quite a few high priced bikes make appearances on NY CL, and they do many repeat performances. Check the tires (OK, about $20 a pair online, $8 for brake pads). If everything is OK, it's clean (and that's what you want versus a little "scruffy") and ya gotsta have it ... $150 cash, a smile and a friendly, but firm presentation...and you're done with it. You can get a brand-new road bike from Bikes Direct (Motobecane Super Mirage) delivered to your door for $299. Murphy's Law says...after you buy an entry-level road bike on CL for $225+ you will stumble across a better quality one at a garage sale for $50. Murphy was an optimist (i.e, you will probably catch one for $25). The Palisades has Araya alloy rims and quick-release hubs (+1), eyelets for mounting fenders and rear rack (+1), stem-mounted friction shifters & turkey levers on the brakes (-1). Also, the crank set seems to be only partially alloy. Weight is around 27 lbs, which is so-so.