NOT LISTED FOR SALE

242 S 1st St Unit 1F Brooklyn, NY 11211

Williamsburg Neighborhood

Estimated Value: $1,081,768 - $1,370,000

1 Bed
2 Baths
1,246 Sq Ft
$502/mo HOA Fee

Last Sold May 13, 2014

Last sale price $755,000 $606 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,869/month

102 Days on Market

About This Home

As of May 2014

Great Space in this mint 1246-SF+ duplex in a genuine loft condo with 11-ft+ ceilings and two full bathrooms!!! The airy open-concept kitchen and living room perfectly marry archetypal industrial chic with the conveniences of modern design. The full-fledged, sturdy staircase leads to the lower level where one is greeted with an expansive multifunctional space that can be used as a recreational room, a Sleeping area , a study, a media room or any other space to meet the owners needs. There is a full-sized washer and dryer hook up here as well as tons of extra storage space. And dont forget the outdoor space: while compact, there is enough space for a barbecue grill or grow herbs and plants for the coming season. Lofts1 is a former cheesecake factory that was designed for stylish living in Williamsburg. Pets are welcome, so come by today to see this magnificent condo!

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,360

HOA Fees

  • $502 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 1,246 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Community Details

  • Lofts 1 Condos
  • Williams Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,360

Lot Details

0

HOA Fees

$502 per month

Listing Details

  • Cross Street: Roebling & Havemeyer Streets
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: WILLIAMS
  • Architectural Style: Prewar
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Living Area: 1246.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 1

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 502.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: LOFTS 1
  • Total Stories: 4

Tax Info

  • Tax Block: 0
  • Tax Annual: 9360.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2020
Sold by
Cese Gleidy
Bought by
Grieve Jade and Sato Sho
Current Estimated Value
$1,277,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,673
Outstanding Balance
$188,458
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$1,089,234

Purchase Details

Listed on
Dec 26, 2013
Closed on
May 13, 2014
Sold by
242 South 1F Llc
Bought by
Cese Gleidy
List Price
$849,000
Sold Price
$755,000
Premium/Discount to List
-$94,000
-11.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%
Original Mortgage
$604,000
Interest Rate
4.21%

Purchase Details

Closed on
Dec 14, 2011
Sold by
242 South 1 Developers Llc
Bought by
242 South 1F Llc

Purchase Details

Closed on
Mar 16, 2005
Sold by
242 South 1 Street Llc
Bought by
242 South 1 Developers Llc

Purchase Details

Closed on
May 21, 2003
Sold by
Creative Bankers Inc
Bought by
242 South 1 Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grieve Jade $940,000 --
Grieve Jade $940,000 --
Cese Gleidy $755,000 --
242 South 1F Llc $484,472 --
242 South 1F Llc $484,472 --
242 South 1 Developers Llc $4,500,000 --
242 South 1 Developers Llc $4,500,000 --
242 South 1 Street Llc $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grieve Jade $212,673
Closed Grieve Jade $212,673
Closed Grieve Jade $94,000
Previous Owner Cese Gleidy $604,000
Previous Owner 242 South 1 Street Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2014 05/13/14 Sold $755,000 -11.1% $606 / Sq Ft
04/13/2014 04/13/14 Pending -- -- --
12/31/2013 12/31/13 For Sale $849,000 -- $681 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,026 $151,429 $2,750 $148,679
2024 $17,026 $143,195 $2,750 $140,445
2023 $13,595 $142,075 $2,750 $139,325
2022 $13,300 $139,211 $2,750 $136,461
2021 $12,344 $121,968 $2,750 $119,218
2020 $7,218 $134,506 $2,750 $131,756
2019 $14,268 $133,898 $2,750 $131,148
2018 $13,450 $129,226 $2,749 $126,477
2017 $12,925 $115,713 $2,750 $112,963
2016 $12,278 $107,593 $2,750 $104,843
2015 $6,304 $101,711 $2,749 $98,962
2014 $6,304 $96,977 $2,749 $94,228
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10077233

Real Estate Board of New York (REBNY)

APN: 02408-1205

New York Kings County Brooklyn 11211 Williamsburg

242 S 1st St Unit 1F, Brooklyn, NY

This home is located at 242 S 1st St Unit 1F, Brooklyn, NY 11211 since 26 December 2013 and is currently estimated at $1,277,692, approximately $1,025 per square foot. 242 S 1st St Unit 1F is a home located in Kings County with nearby schools including P.S. 17 Henry D Woodworth and Success Academy Williamsburg.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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