$1,249,000
OPEN THU 5PM - 6PM

Estimated payment $8,584/month

2 Beds
2 Baths
1,158 Sq Ft
$1,079 Price per Sq Ft

Highlights

  • Rooftop Deck
  • Deck
  • High Ceiling
  • City View
  • Wood Flooring
  • 4-minute walk to La Guardia Playground

About This Home

History meets modern living at 242 South 1st Street, a former 1911 cheesecake factory converted into a boutique 4-story condominium. This sun-drenched top-floor triplex delivers the kind of space and character that simply can't be replicated in new construction. The main level opens into a well-appointed kitchen with black granite countertops, GE stainless steel appliances, and generous cabinetry. A corner living area with southern and eastern exposures draws in light all day, framed by factory-sized windows and soaring 11-foot beamed ceilings. A sleek tiled bathroom with an extra-deep soaking tub completes the level. Up one flight, a private rooftop oasis awaits. Open sky, city views, and space to entertain or unwind. The open mezzanine level serves as a generous primary suite with a walk-in closet and en-suite bath. Above, a flexible top-level loft functions as a second bedroom or dedicated home office. Maple hardwood floors throughout. In-unit washer/dryer. Convertible two-bedroom layout. Positioned at the intersection of Havemeyer, Grand, and Metropolitan, you're steps from Williamsburg's best restaurants, cafes, and nightlife. The Bedford Ave L and Marcy Ave J/M/Z trains are both within easy reach. Common charges for the unit are $579/mo. There is an operating assessment of $1,072/mo until April 2030, covering completed capital contributions for facade, window/door, and roof repairs. Please note, the original offing plan has 4D as a 4-Room/1-Bath. This home has been modified into a convertible 2-bed/2-bath.

Listing Agent

Ralph Modica

Compass License #10301209350 Listed on: 05/27/2026

Compass

Co-Listing Agent

Kathy Lam

Compass License #10401281085

Open House Schedule

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,952

Year Built

  • Built in 1911

HOA Fees

  • $579 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 1,158 Sq Ft Home
  • Property has 3 Levels
  • High Ceiling
  • Wood Flooring
  • City Views

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 1221 / 02408

Community Details

Overview

  • 23 Units
  • Lofts1 Condos
  • Williamsburg Subdivision

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,952

Year Built

Built in 1911

Lot Details

0 Sq Ft Lot

HOA Fees

$579 per month

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Walk-Up
  • Entry Level: 4
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Pets No Pets Comments: Pets Allowed,
  • Special Features: OpenHouse
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Features: Eat-in Kitchen, Granite Counters, High Ceilings, Soaking Tub, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Stainless Steel Appliance(s), Washer
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 1158.0
  • Living Area Units: Square Feet
  • Basement: No

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck, Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: Deck, Rooftop

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Common On Floor, In Unit, See Remarks
  • Cooling: Other, Wall Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 579.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 55.000000x100.000000

Building Info

  • New Construction: No
  • Building Name: Lofts1
  • Units: 23
  • Total Stories: 4
  • Year Built: 1911

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished

Tax Info

  • Tax Block: 02408
  • Tax Lot: 1221
  • Tax Annual: 14952.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2026 $15,305 $128,914 $2,412 $126,502
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

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2026 05/27/26 For Sale $1,249,000 0.0% $1,079 / Sq Ft
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)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $672,045 --
Deed $672,045 --
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20092789

Real Estate Board of New York (REBNY)

APN: 02408-1221

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