I know two people who have recently (within the past 2 years) received a PhD from CUNY. One major problem a few years back was that no faculty member was willing to serve as the placement director. Also, it is true that Prinz is extremely popular. This is actually an issue as he apparently has a problem with turning down potential advisees. This, of course, means that each advisee gets less attention than they probably deserve.
Also, a careful study of placement records actually reveals that outside the top 10 Leiter-ranked programs, ranking isn't strongly correlated with placement. For instance, UConn and Madison have better placement records than many of the departments are ranked significantly higher. Some departments just place more emphasis on placement than others, and this just isn't something that the Leiter rankings measure.
If one focuses on the departments outside of the top 10, the desirability of a department's placement record largely depends on how desirable you find the geographical location of the department. So, if you have a taste for desert landscapes, you should aim to land at Arizona.