NOT LISTED FOR SALE

242 S 1st St Unit PH-4E Brooklyn, NY 11211

Williamsburg Neighborhood

Estimated Value: $1,482,000 - $1,730,000

2 Beds
2.5 Baths
1,447 Sq Ft
1911 Built

Last Sold September 17, 2021

Last sale price $1,495,000 $1,033 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,937/month

86 Days on Market

Highlights

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

About This Home

As of September 2021

Accepted Offer. Just in Time for the Season.
This Sun-drenched Triplex Penthouse Loft with Private Roof Garden epitomizes comfortable luxe living in 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 1,447 SF Turnkey, top-floor 2 bed, 2.5 bath loft with a non-cookie cutter layout, where every nook & cranny has been creatively reimagined? Pass through the residence?s foyer to be greeted by an open kitchen gorgeously re-outfitted with natural stone waterfall countertop, streamlined white cabinetry, top-of the-line-appliances and a seamlessly hidden stacked washer/dryer. Natural light pours endlessly into the main floor from Southern & Eastern exposures. The modern aesthetics, congruent to the industrial style, include factory-sized windows, soaring 10? + high concrete beamed ceilings and immaculate walnut-stained maple wood floors. Ascend the staircase up to the second level, past the sitting area/library where a cozy living area leads out directly onto a 229 SF rooftop oasis with city views. It is the perfect retreat for your morning coffee/routine, or al-fresco dining and cocktails after a long day in New York City. Nicely tucked away in the corner is a second full bathroom with walk-in shower. Finally, set on the top level is the master bedroom suite, featuring abundant closets, dressing area and an en-suite half bath. 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 a zen-like outdoor space, and an expansive layout for working-from-home / wfm comfortably?.seek no further, this is it!

Last Agent to Sell the Property

Marvin Chu

Corcoran Group License #10301209550 Listed on: 05/16/2021

Corcoran Group

Co-Listed By

Chris Cavorti

Corcoran Group License #10301206385

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,404

Year Built

  • Built in 1911

HOA Fees

  • $746 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 1,447 Sq Ft Home
  • 4-Story Property
  • Entrance Foyer
  • City Views
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Terrace

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

$13,404

Year Built

Built in 1911

Lot Details

0 Sq Ft Lot

HOA Fees

$746 per month

Listing Details

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

Interior Features

  • Interior Features: Separate/Formal Dining Room, Entrance Foyer
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 1447.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

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

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: 746.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • 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
  • Tax Annual: 13404.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2021
Closed on
Sep 17, 2021
Sold by
James Gregory and Parreira Carlos
Bought by
Wylie Nikolas
Seller's Agent
Marvin Chu
Corcoran Group
List Price
$1,585,000
Sold Price
$1,495,000
Premium/Discount to List
-$90,000
-5.68%
Current Estimated Value
$1,656,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,867
Avg. Annual Appreciation
1.77%

Purchase Details

Closed on
Jan 3, 2019
Sold by
James Gregory
Bought by
James Gregory and Parreira Carlos

Purchase Details

Closed on
Jan 15, 2015
Sold by
Miller Bibi R D and Newnes Paul A
Bought by
James Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2008
Sold by
242 South 1 Developers Llc
Bought by
Miller Bibi R D and Newnes Paul A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wylie Nikolas $1,495,000 --
Wylie Nikolas $1,495,000 --
Wylie Nikolas $1,495,000 --
James Gregory -- --
James Gregory -- --
James Gregory -- --
James Gregory $1,050,000 --
James Gregory $1,050,000 --
James Gregory $1,050,000 --
Miller Bibi R D $740,000 --
Miller Bibi R D $740,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner James Gregory $840,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2021 09/17/21 Sold $1,495,000 -5.7% $1,033 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
05/16/2021 05/16/21 For Sale $1,585,000 -- $1,095 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $18,838 $167,538 $3,042 $164,496
2024 $18,838 $158,427 $3,042 $155,385
2023 $18,580 $157,190 $3,042 $154,148
2022 $17,836 $154,021 $3,042 $150,979
2021 $13,657 $134,942 $3,042 $131,900
2020 $6,588 $148,815 $3,042 $145,773
2019 $13,024 $148,143 $3,042 $145,101
2018 $14,881 $142,974 $3,042 $139,932
2017 $14,300 $128,022 $3,042 $124,980
2016 $13,584 $119,039 $3,042 $115,997
2015 $6,975 $112,532 $3,042 $109,490
2014 $6,975 $107,294 $3,042 $104,252
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10718646

Real Estate Board of New York (REBNY)

APN: 02408-1222

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