I am new here so I apoligize if this is in the wrong place or has already been posted...

Does anyone know what model/yr. this Schwinn is?
http://newyork.craigslist.org/brk/bik/822896935.html

Also, I am debating whether I should buy this for roughly $100 and turn into single speed or if I should just bite the bullet and buy a new one I am looking at for about $400. Basically, I am not sure how much $$ goes into the conversion process. Again, sorry if this has been posted before.

Thanks!