Prevu by reAlpha
BuySellBlogBrowse Listings

242 S 1st StreetBrooklyn, NY 11211

For Sale

$1,150,000

Smart Buyer Rebate $14,375

Artist’s Duplex with Private Terrace in Iconic Williamsburg Loft Conversion

Welcome to Lofts1, a boutique 23-unit condominium that blends authentic loft living with modern luxury. Originally a cheesecake factory built in 1911 and masterfully reimagined by Andres Escobar in 2007, this industrial-chic building captures the soul of Williamsburg’s creative spirit.

Residence 1D is a one-of-a-kind duplex loft offering 1,074 square feet of flexible living space, including one spacious bedroom, two full bathrooms, and a private 200 SF terrace – perfect for al fresco dining, gardening, or unwinding with a glass of wine.

Enter through your private foyer into an expansive open-plan layout featuring soaring 13-foot ceilings, maple wood floors, and brand-new factory-sized windows that flood the home with natural light. The chef’s kitchen is outfitted with sleek black granite countertops, stainless steel appliances, and abundant cabinetry. Adjacent is a spa-like bathroom with an oversized soaking tub, ideal for relaxing after a long day.

Enjoy premium conveniences including an in-unit washer/dryer, a split AC system, virtual doorman, and custom French doors that open directly to your sun-drenched private terrace with southern exposure.

Downstairs, the generous bedroom features its own entrance, full bath, and room for a home office or creative studio. With two separate entrances, this flexible layout allows for easy conversion into a two-bedroom, two-bathroom residence (if desired) .

Located in the heart of South Williamsburg, Lofts1 places you at the epicenter of Brooklyn’s most dynamic neighborhood. Just steps from Havemeyer Street, Grand Street, and Metropolitan Avenue, you’re surrounded by the area’s best dining, cafes, bars, and nightlife. Transit is a breeze with the Bedford Ave L, Marcy Ave J/M/Z, and Metropolitan G trains all nearby, and the vibrant Domino Park only four blocks away.

If you’re looking for a unique, light-filled loft with authentic character and unbeatable location, Residence 1D checks every box.

Don’t miss this rare opportunity to own a piece of Williamsburg’s creative legacy.

Listed by Jessie Lookfong

·

Capri Jet Realty Corp

·

718-388-2188

Last updated March 31, 2026

·

Source: OneKey #976266

Listing Facts

  • TypeCondo
  • NeighborhoodWilliamsburg
  • Bedrooms1
  • Bathrooms2
  • Days on Prevu10
  • HOA/Maint. Fees$521/month
  • Taxes$11,355/year
  • Size1,074 sqft
  • Price per sqft$1,071

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed

Location

Mortgage Calculator

Listing History

03/25/2026
Listed by Capri Jet Realty Corp
$1,150,000

Estimated Closing Costs

Total
$43,885
Attorney Fees
$4,000
NYC Mansion Tax
$11,500
Title Insurance
$5,175
Bank Attorney
$1,500
Mortgage Recording Tax
$17,710
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,150,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 242 S 1st Street

Association

Amenities

  • Pets Allowed: Yes

Fees

  • Association Fee: $521.00 Monthly
  • Association Fee Includes: Other

Exterior

Construction

  • Property Attached: Yes
  • Year Built: 1911
  • Architectural Style: Other
  • Common Walls: 1 Common Wall
  • Construction Materials: Other
  • Entry Level: 1

Measurements

  • Building Area Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $11,355.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Dishwasher, Dryer, Stainless Steel Appliance(s), Washer
  • Interior Features: High Ceilings, Recessed Lighting, Washer/Dryer Hookup

Measurements

  • Living Area: 1,074
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 1
  • Rooms Total: 6

Parking

Parking

  • Parking Features: On Street

Schools

Elementary School

  • Elementary School: Ps 17 Henry D Woodworth
  • Elementary School District: Brooklyn 14

High School

  • High School: Brooklyn Prep High School
  • High School District: Brooklyn 14

Middle or Junior School

  • Middle Or Junior School: Jhs 50 John D Wells
  • Middle Or Junior School District: Brooklyn 14

Utilities

Equipment

  • Cooling: Electric
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 2 bathrooms in this condo at 242 S 1st Street.

What schools are nearby to 242 S 1st Street?

Nearby schools include the Ps 17 Henry D Woodworth Elementary School, Jhs 50 John D Wells Middle School, and Brooklyn Prep High School.

Are pets allowed at 242 S 1st Street?

Yes, 242 S 1st Street allows pets.

What are the annual taxes for 242 S 1st Street?

Annual taxes for this condo are estimated at $11,355.

How does 242 S 1st Street compare to other condos in Williamsburg?

This condo is listed 36% below the average price for condos in Williamsburg and has been on the market for 80 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 1,074 sqft.

242 S 1st Street is a 1-bedroom, 2-bath condo for sale in Brooklyn NY 11211. On Prevu for 10 days at $1,150,000. This residence features 1,074 square feet of living space, located in Williamsburg. The median listing price for condos in this area is $1,675,000. Nearby schools include Ps 17 Henry D Woodworth Elementary School, Jhs 50 John D Wells Middle School, and Brooklyn Prep High School. The home offers dishwasher, pets allowed, and washer/dryer. Explore more condo listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.