242 South 1st Street, Unit 2B
Description
Open house Sunday at 12/7 from 11am to 12pm
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...***End-the-Year Limited time deal-- $685K for contracts signed by 12/31! ***
Open house Sunday at 12/7 from 11am to 12pm
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.
Amenities
- Remote Doorman
- Common Roof Deck
- Columns
- Hardwood Floors
- High Ceilings
- Walk Up
- Washer / Dryer
- Washer / Dryer in Unit
Open Houses
Sunday, Dec 14th
11:00 AM - 12:00 PM
Public
Property Details for 242 South 1st Street, Unit 2B
| Status | Active |
|---|---|
| Days on Market | 87 |
| Taxes | $513 / month |
| Common Charges | $286 / month |
| Min. Down Pymt | 10% |
| Total Rooms | 1.0 |
| Compass Type | Condo |
| MLS Type | Condo |
| Year Built | 1911 |
| County | Kings County |
| Buyer's Agent Compensation | 2.5% |
Building
Lofts1
Location
Listing Courtesy of: .
Building Information for 242 South 1st Street, Unit 2B
Payment Calculator
$4,607 per month
30 year fixed, 6.28% Interest
$3,808
$513
$286
Property History for 242 South 1st Street, Unit 2B
| Date | Event & Source | Price |
|---|---|---|
| 12/04/2025 | Price Change Manual | $685,000 |
| 11/19/2025 | $715,000 | |
| 10/15/2025 | Price Change Manual | $700,000 |
| 09/17/2025 | Listed (Active) Manual | $715,000 |
| 08/22/2025 | $715,000 | |
| 07/18/2025 | $715,000 | |
| 06/17/2022 | $650,000 | |
| 06/17/2022 | $650,000 +2.9% / yr | |
| 01/19/2022 | $650,000 | |
| 11/09/2007 | Sold RealPlus #2589734ad32191bb8fe8380a1bbf73e91822100b | $425,880 |
| 11/09/2007 | $425,880 | |
| 01/18/2007 | Listed (Active) RealPlus #2589734ad32191bb8fe8380a1bbf73e91822100b | $440,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 242 South 1st Street, Unit 2B
Schools near 242 South 1st Street, Unit 2B
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 17 Henry D Woodworth PublicPK to 5 | ||
Jhs 50 John D Wells Public6 to 8 | ||
Brooklyn Preparatory High School Public9 to 12 | ||
Conselyea Preparatory School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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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. 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. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.