Listing broker Cynthia Dillon admits she and the seller purposefully priced this one-bedroom, one-bathroom co-op so it'll stand out as a bargain. Some other Hell's Kitchen one-bedrooms are cheaper, but they also offer less space; many others are actually asking more. There's also a slightly smaller unit — this one's 624 square feet — for sale in the same complex but for $60,000 more, though admittedly it's in a bit better shape. (Forget about new construction in the vicinity; you'd easily pay double, or close to it, for a one-bedroom in those.) "There's so much on the market that a property has to be really unique or perfectly done or priced right or it'll sit for a really long time," says Dillon. Apparently, they wanted to avoid that fate. The living room's kind of gloomy — it's in the middle of the apartment — but the bedroom faces south and gets lots of light. Plus the floors have been refinished.

— S. Jhoanna Robledo