Seller's Agent in 2022
Marvin Chu
Corcoran Group
(718) 685-9430
24 in this area
55 Total Sales
242 S 1st St Unit 2E Brooklyn, NY 11211
Williamsburg NeighborhoodEstimated Value: $895,000 - $1,142,000
1
Bed
1
Bath
664
Sq Ft
$350/mo
HOA Fee
Highlights
- Pre War Building
- Balcony
- 4-minute walk to La Guardia Playground
About This Home
As of March 2022Accepted Offer!
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 2E is an airy one-bedroom with South & East exposures and Juliet balcony! Showcasing Industrial-chic elements such as 10.5' soaring-high beamed ceilings, well-maintained maple wood flooring, and brand new oversized windows. Pass the entry/private foyer is am open kitchen with breakfast bar dressed 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. Currently flexed and utilized as a 2 bed (or 1 + home office), the temporary structure can be easily removed to enlarge the living area. Enjoy the comforts and convenience of in-unit washer/dryer, split AC system and virtual doorman system. Situated on the rear of the building, shielded from street noise, the apartment is exceptionally quiet!
LOFTS1 is conveniently surrounded by Williamsburg's hottest venues, restaurants, cafes, bars, nightlife 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: 01/09/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,320
Year Built
- Built in 1911
HOA Fees
- $350 Monthly HOA Fees
Home Design
- Pre War Building
Interior Spaces
- 664 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
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 9, 2022
Closed on
Mar 16, 2022
Sold by
Edward G Burt and John E Burt Irrevocable Trust
Bought by
Bornstein Miriam and Tchernev Borian
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$750,000
Sold Price
$788,000
Premium/Discount to List
$38,000
5.07%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,986
Avg. Annual Appreciation
4.73%
Original Mortgage
$630,400
Outstanding Balance
$591,711
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$329,914
Purchase Details
Closed on
Jan 31, 2019
Sold by
John E Burt Revocable Trust and John E Burt Trustee
Bought by
Burt John E and John E Burt Irrevocable Trust
Purchase Details
Closed on
Apr 25, 2013
Sold by
Burt John
Bought by
John E Burt Trustee and The John E Burt Revocable Trust Indentu
Purchase Details
Closed on
Dec 3, 2012
Sold by
Crosta Laura
Bought by
Burt John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 12, 2007
Sold by
242 South 1 Developers Llc
Bought by
Crosta Laura
Create a Home Valuation Report for This Property
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bornstein Miriam | $788,000 | -- | |
| Bornstein Miriam | $788,000 | -- | |
| Burt John E | -- | -- | |
| Edward G Burt Trustee | -- | -- | |
| Burt John E | -- | -- | |
| John E Burt Trustee | -- | -- | |
| John E Burt Trustee | -- | -- | |
| Burt John | $566,250 | -- | |
| Burt John | $566,250 | -- | |
| Crosta Laura | $441,090 | -- | |
| Crosta Laura | $441,090 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bornstein Miriam | $630,400 | |
| Closed | Bornstein Miriam | $630,400 | |
| Previous Owner | Burt John | $385,000 | |
| Previous Owner | Crosta Laura | $5,303 | |
| Previous Owner | Crosta Laura | $6,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2022 03/16/22 | Sold | $788,000 | +5.1% | $1,187 / Sq Ft |
| 01/18/2022 01/18/22 | For Sale | $750,000 | -- | $1,130 / 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 | $8,332 | $74,104 | $1,346 | $72,758 |
| 2024 | $8,332 | $70,074 | $1,346 | $68,728 |
| 2023 | $6,653 | $69,526 | $1,346 | $68,180 |
| 2022 | $6,508 | $68,125 | $1,346 | $66,779 |
| 2021 | $7,322 | $59,687 | $1,346 | $58,341 |
| 2020 | $3,532 | $65,822 | $1,346 | $64,476 |
| 2019 | $5,760 | $65,525 | $1,346 | $64,179 |
| 2018 | $6,286 | $63,239 | $1,346 | $61,893 |
| 2017 | $6,106 | $56,625 | $1,345 | $55,280 |
| 2016 | $5,704 | $52,652 | $1,346 | $51,306 |
| 2015 | $2,867 | $49,774 | $1,346 | $48,428 |
| 2014 | $2,867 | $47,457 | $1,345 | $46,112 |
Source: Public Records
Agents Affiliated with this Home
-
-
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: RLS10760736
APN: 02408-1210
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