NOT LISTED FOR SALE

Estimated Value: $703,000 - $954,000

-- Bed
1 Bath
579 Sq Ft
$678/mo HOA Fee

Last Sold July 24, 2019

Last sale price $599,000 $1,035 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,647/month

104 Days on Market

Highlights

  • Intercom
  • Cooling System Mounted In Outer Wall Opening
  • 4-minute walk to La Guardia Playground

About This Home

As of July 2019

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. Offering a fantastic opportunity to own a starter home in a desirable location with low monthlies!Unit 2D is an airy Studio Loft with Juliet Balcony, easily convertible to a true 1 bedroom -- please see proposed layout in floor plan. Enter into this 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 oversized factory windows and ~ 10.5 ft. high ceilings with exposed concrete beams. Beautiful maple hardwood floor spans throughout. The sleek tiled bathroom features an extra-deep soaking tub. Enjoy the comforts of in-unit washer/dryer and PTAC heating & cooling. Virtual doorman system in place and only a two-floor walk-up! 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.Tenant in place until End of March First Showing and Open House on March 17th 12-1:30PM. Showings by appt. after the 17th of March. Please email to pre-register!*Monthly Common Charges Include $435 on-going Assessment into Capital Contributions for Building Facade, Windows/Doors, and Roof Repairs - Monthly CC without Assessment is $243.29.*

Last Agent to Sell the Property

Marvin Chu

Corcoran Group License #10301209550 Listed on: 03/11/2019

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,697

Year Built

  • Built in 1911

HOA Fees

  • $678 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

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

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 30 Units
  • Lofts1 Condos
  • Williamsburg Subdivision

Listing and Financial Details

  • Tax Block 2408

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,697

Year Built

Built in 1911

Lot Details

0

HOA Fees

$678 per month

Listing Details

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

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 579.0
  • Living Area Units: Square Feet
  • Rooms (Total): 1

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Wall Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 678.29
  • 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: 5697.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2019
Closed on
Jul 24, 2019
Sold by
Kaslik Jeff and Magana Christal
Bought by
Tierney Alexander
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$635,000
Sold Price
$599,000
Premium/Discount to List
-$36,000
-5.67%
Current Estimated Value
$818,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,836
Avg. Annual Appreciation
5.09%
Original Mortgage
$549,000
Outstanding Balance
$481,864
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$330,537

Purchase Details

Closed on
Nov 14, 2007
Sold by
242 South 1 Developers Llc
Bought by
Kaslik Jeff and Magana Christal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.48%
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
Tierney Alexander $599,000 --
Tierney Alexander $599,000 --
Kaslik Jeff $430,950 --
Kaslik Jeff $430,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tierney Alexander $3,338
Open Tierney Alexander $549,000
Closed Tierney Alexander $549,000
Previous Owner Kaslik Jeff $42,500
Previous Owner Kaslik Jeff $340,000
Previous Owner Kaslik Jeff $42,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2019 07/24/19 Sold $599,000 -5.7% $1,035 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $635,000 -- $1,097 / 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 $7,273 $64,686 $1,175 $63,511
2024 $7,273 $61,169 $1,175 $59,994
2023 $5,807 $60,691 $1,175 $59,516
2022 $5,681 $59,467 $1,175 $58,292
2021 $5,273 $52,101 $1,175 $50,926
2020 $2,544 $57,197 $1,175 $56,022
2019 $6,095 $57,197 $1,175 $56,022
2014 $2,475 $41,426 $1,175 $40,251
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10547767

Real Estate Board of New York (REBNY)

APN: 02408-1209