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
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Compass
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(718) 360-8686
Listed by Paula Manna
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Compass
Last updated October 22, 2025
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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
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.