242 S 1st St Unit 2B Brooklyn, NY 11211
Williamsburg Neighborhood
--
Bed
1
Bath
587
Sq Ft
$310/mo
HOA Fee
About This Home
As of June 2022Boutique 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
Corcoran Group License #10301209550 Listed on: 01/19/2022
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
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
Similar Homes in Brooklyn, NY
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Mary-Jean Gianquinto
Seller's Agent in 2025
Mary-Jean Gianquinto
Corcoran Group
(718) 541-9965
23 Total Sales
-
Marvin Chu
Seller's Agent in 2022
Marvin Chu
Corcoran Group
(718) 685-9430
24 in this area
55 Total Sales
-
Evan Church
E
Seller Co-Listing Agent in 2022
Evan Church
Corcoran Group
(212) 355-3550
40 in this area
65 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10778016
APN: 02408-1207
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