NOT LISTED FOR SALE

242 S 1st St Unit 2C Brooklyn, NY 11211

Williamsburg Neighborhood

Estimated Value: $729,000 - $1,008,000

-- Bed
1 Bath
591 Sq Ft
$699/mo HOA Fee

Last Sold May 27, 2021

Last sale price $610,000 $1,032 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,854/month

48 Days on Market

Highlights

  • Intercom
  • Central Air
  • 4-minute walk to La Guardia Playground

About This Home

As of May 2021

Boutique Living in the lively, energetic heart of Williamsburg. 242 South 1st Street AKA Lofts1 is formerly a cheesecake factory built in 1911 and converted into a modern 4-story condominium in 2007. Opportunity is Knocking...this is the lowest priced condo currently available in the Prime Southside and/or Northside!

Unit 2C is a corner Loft apartment that's flooded with amazing natural light. Enter this airy space into an open kitchen dressed with black granite countertops, GE stainless steel appliances including a dishwasher and plenty of cabinetry for storage. Aesthetics preserved from its industrial past includes factory-sized windows and ~ 10.5 ft. high ceilings with exposed concrete beams. Beautifully refinished maple hardwood flooring spans throughout the home. The sleek tiled bathroom features an extra-deep soaking tub. Enjoy the comforts and convenience of in-unit washer/dryer, brand new split AC system and virtual doorman system.

Flawlessly surrounding Williamsburg's hottest venues, restaurants, cafes, bars, nightlife right out your 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. Without doubt, this is a wonderful starter home in a highly sought-after location!

Monthly Common Charges Include $443.33 ongoing Assessment into Capital Contributions for Building Facade, Windows/Doors, and Roof Repairs ? Monthly CC without Assessment is $255.40. Please Inquire for More Details.

Last Agent to Sell the Property

Marvin Chu

Corcoran Group License #10301209550 Listed on: 10/21/2020

Corcoran Group

Co-Listed By

Chris Cavorti

Corcoran Group License #10301206385

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,364

Year Built

  • Built in 1911

HOA Fees

  • $699 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 591 Sq Ft Home
  • 4-Story Property
  • Intercom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • 30 Units
  • Lofts1 Condos
  • Williamsburg Subdivision

Listing and Financial Details

  • Tax Block 2408

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,364

Year Built

Built in 1911

Lot Details

0

HOA Fees

$699 per month

Listing Details

  • Cross Street: ROEBLING STREET and HAVEMEYER STREET
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 591.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 699.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 100.0 x 55.0

Building Info

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

Tax Info

  • Tax Block: 2408
  • Tax Annual: 5364.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
May 27, 2021
Sold by
Hong Sipaiu and Hong Theresa
Bought by
Fuchs Annick
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$599,000
Sold Price
$610,000
Premium/Discount to List
$11,000
1.84%
Current Estimated Value
$834,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,216
Avg. Annual Appreciation
7.59%
Original Mortgage
$488,000
Outstanding Balance
$442,784
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$391,432

Purchase Details

Closed on
Sep 18, 2008
Sold by
242 South 1 Developers Llc
Bought by
Hong Theresa and Hong Sipaiu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Fuchs Annick $610,000 --
Fuchs Annick $610,000 --
Hong Theresa $365,040 --
Hong Theresa $365,040 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuchs Annick $488,000
Closed Fuchs Annick $488,000
Previous Owner Hong Sipaiu $9,643
Previous Owner Hong Theresa $269,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $610,000 +1.8% $1,032 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $599,000 -- $1,014 / 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 $7,412 $65,925 $1,197 $64,728
2024 $7,412 $62,340 $1,197 $61,143
2023 $7,174 $61,853 $1,197 $60,656
2022 $7,018 $60,606 $1,197 $59,409
2021 $5,374 $53,099 $1,197 $51,902
2020 $2,592 $58,557 $1,197 $57,360
2019 $6,212 $58,293 $1,197 $57,096
2018 $5,856 $56,259 $1,197 $55,062
2017 $5,627 $50,376 $1,197 $49,179
2016 $5,345 $46,841 $1,197 $45,644
2015 $2,745 $44,280 $1,197 $43,083
2014 $2,745 $42,219 $1,197 $41,022
Source: Public Records

Agents Affiliated with this Home

  • Marvin Chu

    Seller's Agent in 2021

    Marvin Chu

    Corcoran Group

    (718) 685-9430

    24 in this area

    57 Total Sales

    Marvin Chu
    Section Image
  • Chris Cavorti

    Seller Co-Listing Agent in 2021

    Chris Cavorti

    Corcoran Group

    (914) 804-7091

    22 in this area

    73 Total Sales

    Chris Cavorti
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10677401

Real Estate Board of New York (REBNY)

APN: 02408-1208

New York Kings County Brooklyn 11211 Williamsburg

242 S 1st St Unit 2C, Brooklyn, NY

This home is located at 242 S 1st St Unit 2C, Brooklyn, NY 11211 since 21 October 2020 and is currently estimated at $834,216, approximately $1,411 per square foot. This property was built in 1911. 242 S 1st St Unit 2C 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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