NOT LISTED FOR SALE

Estimated Value: $1,179,534 - $1,606,000

2 Beds
2 Baths
1,158 Sq Ft
1911 Built

Highlights

  • City View
  • Den
  • Intercom
  • Terrace
  • Juliet Balcony
  • 4-minute walk to La Guardia Playground

About This Home

As of June 2020

This Sun-drenched Triplex Penthouse Loft with Private Roof Deck epitomizes Boutique Living in the lively, energetic heart of Williamsburg! No Brokerage Fee on a 1 Year Lease Starting July 15th -- for limited time only. Please inquire for a video tour! 242 South 1st Street AKA LOFTS1 is formerly a cheesecake factory built in 1911 and converted into a modern 4-story condominium. Penthouse 4D is a CONVERTIBLE 2 bed, 2 bath condo with a non-cookie cutter layout! Enter this unique space into the open kitchen dressed with black granite countertops, GE stainless steel appliances (including dishwasher) and abundant cabinetry. Natural light endlessly pours into the spacious corner living area from Southern & Eastern exposures. Aesthetics preserved from its industrial past includes factory-sized windows and soaring 11' high beamed ceilings. The sleek tiled bathroom on the main level features an extra-deep soaking tub. Ascend the staircase up to the second level where a private roof oasis with a city view awaits. It is the perfect retreat for your morning coffee, or al fresco dining after a long day. The open loft/mezzanine showcases a walk-in closet and en-suite bathroom, perfectly suited as the master suite. Finally, set on the top level is the convertible 2nd bedroom/home office. Beautiful maple hardwood floor spans throughout the entire apartment. In-unit washer/dryer completes the home! 242 South 1st Street is conveniently located near Williamsburg's hottest venues, restaurants, cafes, bars, and nightlife on the bustling intersection of Havemeyer Street, Grand Street and Metropolitan Avenue. Easily accessible in between multiple subway lines: Bedford Avenue L and Marcy Avenue J, M, Z trains. Condo board package and move in fees required, please inquire for more info!

Last Agent to Rent the Property

Marvin Chu

Corcoran Group License #10301209550 Listed on: 05/18/2020

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,936

Year Built

  • Built in 1911

Interior Spaces

  • 1,158 Sq Ft Home
  • 4-Story Property
  • Den
  • City Views
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Juliet Balcony
  • Terrace

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 30 Units
  • Lofts1 Condos
  • Williamsburg Subdivision

Listing and Financial Details

  • Property Available on 7/15/20
  • Tax Block 2408

Condo Details

Home Type

Condominium

Est. Annual Taxes

$14,936

Year Built

Built in 1911

Lot Details

0

Rental Info

  • Available Date: 2020-07-15

Listing Details

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

Interior Features

  • Interior Features: Den
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 1158.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Juliet Balcony
  • Patio/Porch Features: Terrace, Rooftop

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Interest: Condominium

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2007
Sold by
242 South 1 Developers Llc
Bought by
Maex Dimitri and Maex Katherine Faye
Current Estimated Value
$1,386,884
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
Maex Dimitri $672,045 --
Maex Dimitri $672,045 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maex Dimitri $586,500
Closed Maex Dimitri $3,540
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2020 05/18/20 For Rent $4,500 +12.5% --
05/18/2020 05/18/20 Rented -- -- --
09/15/2019 09/15/19 For Rent $4,000 -- --
09/15/2019 09/15/19 Rented -- -- --
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 $14,936 $132,841 $2,412 $130,429
2024 $14,936 $125,617 $2,412 $123,205
2023 $14,455 $124,636 $2,412 $122,224
2022 $14,142 $122,123 $2,412 $119,711
2021 $13,125 $106,996 $2,412 $104,584
2020 $6,332 $117,995 $2,412 $115,583
2019 $12,517 $117,462 $2,412 $115,050
2018 $11,799 $113,364 $2,412 $110,952
2017 $11,338 $101,509 $2,412 $99,097
2016 $10,771 $94,386 $2,412 $91,974
2015 $5,531 $89,226 $2,412 $86,814
2014 $5,531 $85,073 $2,412 $82,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10632699

Real Estate Board of New York (REBNY)

APN: 02408-1221