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