BuySellBlogBrowse Listings

242 South 1st Street 2BBrooklyn, NY 11211

For Sale

$700,000

Smart Buyer Rebate $5,000

Loft living in the heart of Williamsburg!

Originally built in 1911, 242 South 1st Street was converted in 2007 from a neighborhood cheesecake factory into the modern 23-unit Lofts1 Condominium .

Unit 2B is an airy second-floor studio loft with ample natural light from wall-to-wall oversized windows and a 10’8” ceiling featuring exposed concrete beams. Sleek maple hardwood floors add warmth to the chic industrial vibe.

The open kitchen is outfitted with plenty of cabinetry for storage and GE stainless steel appliances including a gas stove and dishwasher. The tiled bathroom features a deep soaking tub and rainfall shower. Additional comforts include an in-unit washer/dryer, split AC/heating, and a virtual doorman.

This buzzing South Williamsburg location—surrounded by popular eateries like L’Industrie, St. Anselm, and The Four Horsemen—is just a few short blocks from the Domino Park waterfront, the Northside’s expanding luxury shopping district, and Metropolitan Avenue’s vibrant offerings. Enjoy proximity to specialty independent boutiques, renowned international cuisine, a large variety of fitness studios, and endless nightlife and entertainment options.

Abundant transit options nearby provide effortless access to Manhattan and the rest of the city. The J/Z, M, L, and G lines, multiple bus routes, the BQE, and the ferry landing are all close by.

Common charges for the unit are $286.31. An operating assessment of $530 is in place, covering completed capital contributions for facade, window/door, and roof repairs.

Listed by Stefania Rovera

·

Compass

·

(718) 360-8686

Listed by Paula Manna

·

Compass

Last updated October 22, 2025

·

Source: REBNY #RLS20048984

Listing Facts

  • TypeCondo
  • NeighborhoodWilliamsburg
  • Bathrooms1
  • Days on Prevu35
  • HOA/Maint. Fees$286/month
  • Taxes$6,156/year
  • Size587 sqft
  • Price per sqft$1,193

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed

Location

Mortgage Calculator

Listing History

10/15/2025
Price Decreased
$700,000
09/17/2025
Listed by Compass
$715,000

Estimated Closing Costs

Total
$24,777
Attorney Fees
$4,000
Title Insurance
$3,150
Bank Attorney
$1,500
Mortgage Recording Tax
$12,127
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $700,000 and a 10% 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 South 1st Street 2B

Association

Amenities

  • Pets Allowed: Building Yes
  • Concierge: Video Doorman Yes

Fees

  • Association Fee: $286.00 Monthly

Exterior

Construction

  • Number Of Units Total: 23
  • Stories Total: 4
  • Year Built: 1911
  • Entry Level: 2

Measurements

  • Lot Size Dimensions: 55
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 02408-1207
  • Tax Annual Amount: $6,156.00

Interior

Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Gas Oven, Stainless Steel Appliance(s), Washer
  • Flooring: Hardwood
  • Interior Features: Granite Counters, High Ceilings, Soaking Tub

Measurements

  • Living Area: 587
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 1

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Williamsburg
  • Tax Block: 02408
  • Tax Lot: 7503

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: In Unit, See Remarks

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., 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.