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Adding Il Mulino in the expensive category just b/c it hasn't been mentioned. (Of course Babbo is great).
On the moderate side really like Bellavitae.
As for budget, not sure if it is quite on that level but I really like Piccolo Angelo--and everyone I have given the tip to has been more than happy for it. Also really like Otto, especially for lunch/mid-afternoon.
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Impero was mentioned, and it's a good choice, but I'm surprised that no-one threw Scott Conant's other restaurant, Alto, into the mix. It would be in the expensive category, unless they offer the $24 lunch again next summer, in which case it could squeeze into the cheap.
http://www.chowhound.com/topics/320413Oh and if you want best in NYC, you should include the outer boroughs. I don't think Batali will be quaking in his boots (or more likely sneakers) at the competition, but there are good contenders for moderate in Bklyn and the Bronx.
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La Revista: high quality food, but pricey. Had the veal milanese under salad... excellent. My friend had Ravioli... also excellent. Somewhat formal, with an older guy playing quiet piano. On same block (46th btwn 8th & 9th), Lattanzi is also excellent, with a unique twist: old world Italian Jewish cuisine!
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re: cricri7
I agree about Campanile, which we recently tried for the first time. Traditional Italian cuisine expertly prepared and delicious. Very pleasant, comfortable atmospherics.
Also in the moderate category, I like Via Emilia. Excellent pastas, particularly the lasagna. Much livelier decor in the new location.
While L'Impero is not wildly expensive, I guess it belongs in that category. Superb cuisine and lovely ambiance.
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