Bought an extremely cheap fold bike (something like this bike) and used it for 3 years until it got stolen recently. I generally used it to bike to a park where I play basketball that's about 2 miles away 2 times a week.

Now that I'm getting a new bike I need some suggestions since I'm on a tight budget. For my new bike, in addition to biking 8 miles a week for basketball games, I also want to go cycling for ~16 miles twice a month. So I guess I would travel ~64 miles monthly with the new bike. I live in New York City so the roads will be smooth pavement most of the time.

I'm thinking about getting a used bike hoping that would be cheaper and I just want any bike that runs decently and fits my need. I did some researching of my own and many people said department store bikes are all crap even though they are cheap. Will those bikes let me go 64 miles a month? What about craiglist, anyone have experience on there with getting decent bikes for cheap? Any suggestions? My budget is ~200 USD.