$650,000
SOLD JUN 17, 2022
-- Bed
1 Bath
587 Sq Ft
$310/mo HOA Fee

Recently Sold

$1,107 Per Sq Ft

57 Days on Market

About This Home

As of June 2022

Boutique living within the lively, energetic heart of Williamsburg! 242 South 1st Street aka LOFTS1 is formerly a cheesecake factory built in 1911, and ultimately converted into a modern boutique condominium. Offering an incredible opportunity to own a starter home in a highly sought after location with reasonable common charges!



Residence 2B is an airy oversized Studio with Northwestern exposure! Showcasing Industrial-chic elements such as 10.5' soaring-high beamed ceilings, well-maintained maple wood flooring, and brand new factory-sized windows. Pass the entry/private foyer is an open eat-in kitchen with with black granite, high-profile GE stainless steel appliances, and abundant cabinetry. Adjacent to the kitchen is the spa-like bathroom with extra-deep soaking tub. Enjoy the comforts and convenience of in-unit washer/dryer, split AC system and virtual doorman system.



LOFTS1 is conveniently surrounded by Williamsburg's hottest venues, restaurants, cafes, bars, night life all right out the front door on bustling Havemeyer Street, Grand Street and Metropolitan Avenue. Perched right in between multiple subway lines: Bedford Avenue L and Marcy Avenue J, M, Z trains. Approximately 4 blocks away is the renowned Domino Park with endless open green space.If you're seeking a distinctive home with charm and a layout that is working-from-home / WFM friendly. Seek no further, this is it!

Last Agent to Sell the Property

Marvin Chu

Corcoran Group License #10301209550 Listed on: 01/19/2022

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,168

Year Built

  • Built in 1911

HOA Fees

  • $310 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 1 Full Bathroom
  • 587 Sq Ft Home
  • 4-Story Property

Laundry

  • Dryer
  • Washer

Community Details

  • 30 Units
  • Lofts1 Condos
  • Williamsburg S Side Subdivision

Listing and Financial Details

  • Tax Block 75032

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,168

Year Built

Built in 1911

Lot Details

0

HOA Fees

$310 per month

Listing Details

  • Cross Street: ROEBLING STREET and HAVEMEYER STREET
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Williamsburg S Side
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 587.0
  • Living Area Units: Square Feet
  • Rooms (Total): 1

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 310.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: LOFTS1
  • Units: 30
  • Total Stories: 4
  • Year Built: 1911

Tax Info

  • Tax Block: 75032
  • Tax Annual: 6168.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Jun 17, 2022
Sold by
Stamper Lucy
Bought by
Lau Matthew T
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Original Mortgage
$420,000
Outstanding Balance
$401,261
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$414,672

Purchase Details

Closed on
Nov 9, 2007
Sold by
242 South 1 Developers Llc
Bought by
Stamper Lucy
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $650,000 --
Deed $650,000 --
Deed $425,880 --
Deed $425,880 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 Purchase Money Mortgage
Closed $420,000 Purchase Money Mortgage
Previous Owner $5,327 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $715,000 +10.0% $1,218 / Sq Ft
06/17/2022 06/17/22 Sold $650,000 0.0% $1,107 / Sq Ft
02/20/2022 02/20/22 For Sale $650,000 -- $1,107 / 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 $7,385 $65,678 $1,193 $64,485
2024 $7,385 $62,106 $1,193 $60,913
2023 $5,896 $61,621 $1,193 $60,428
2022 $5,528 $60,378 $1,193 $59,185
2021 $5,026 $52,899 $1,193 $51,706
2020 $5,067 $58,338 $1,193 $57,145
2019 $4,820 $58,073 $1,193 $56,880
2018 $5,537 $56,048 $1,193 $54,855
2017 $5,386 $50,186 $1,192 $48,994
2016 $5,020 $46,665 $1,193 $45,472
2015 $2,516 $44,114 $1,193 $42,921
2014 $2,516 $42,061 $1,193 $40,868
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10778016

Real Estate Board of New York (REBNY)

APN: 02408-1207