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A Hell's Kitchen one bedroom with shared outdoor space for $425,000—if you don't earn too much money

Income-generating properties help keep the co-op building's maintenance low. 

Douglas Elliman 

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A rare find, this one-bedroom, one-bath co-op, 827 10th Ave., #5S, in Hell's Kitchen, is $425,000 with just $432 in maintenance. Why so low? It's an HDFC co-op, which means there are restrictions on how much you can earn in order to qualify as a buyer. 

Also, according to the listing, the building also has multiple income generating properties owned by the co-op that help keep the maintenance so low.

And you do get a few nice details for the money: The apartment has high ceilings, prewar details, and hardwood floors. The living room/dining room area is east-facing and sunny. (Admittedly, the carpet is a bit of a downer.) 

The kitchen looks small but clean. 

Similarly, the bathroom is basic but in good shape. 

On the other side of the apartment is the west-facing bedroom, which overlooks a common garden. 

The co-op has a barbecue area and bike storage, and extra storage is available for lease. 

The theater district, Central Park, Columbus Circle, and Carnegie Hall are all not far away, and the subway (A, C, and E trains)are at 50th Street and Eighth Avenue. De Witt Clinton Park is one long block to the west.