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Property Description
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.
Full Property Details
Full Property Details for 242 S 1st St
General
- Price: $1,150,000
- HOA FEE: $521/month
- Taxes: $11,355
- Status: Active
- Type: Condo
- Source: Long_Island
- MLS ID: 976266
- Updated: 3/25/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: High Ceilings, Recessed Lighting, Washer/Dryer Hookup
- Appliances: Dishwasher, Dryer, Stainless Steel Appliance(s), Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
- Driving Directions: Use Google Maps
School Information
- High School District: Brooklyn 14
- Elementary School: Ps 17 Henry D Woodworth
- Middle School: Jhs 50 John D Wells
- High School: Brooklyn Prep High School
Community
- Association: Yes
- Assoc. Fees Include: Other
- Pets Allowed: Yes
- Pet Restrictions: Yes
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Other
- Detached/Attached: Attached
- Construction: Other
- Common Walls: 1 Common Wall
- Entry Floor Number: 1
- Sq. Ft. Source: Public Records
- Year Built: 1911
Financial Considerations
- Association Fee: Yes
- Association Fee: $521
- Assoc Fee Freq.: Monthly
- Tax Amount: $11,355
Disclosures and Reports
- Special Conditions: None
Listed by Capri Jet Realty Corp
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Schools
Schools serving 242 S 1st St
School District:New York City Geographic School District 14
| Name | Grades | Distance |
|---|---|---|
Ps 17 Henry D Woodworth 208 North 5th Street, Brooklyn, NY 11211 | PK-5 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 242 S 1st St
Date
Details
Price
Change
Source
3/25/2026
Listed
$1,150,000
71.12%
MLS
10/18/2007
Sold
$672,045
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 242 S 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,305
2%
$122,440
-3%
2024
$14,936
1%
$125,617
1%
2023
$14,732
4%
$124,636
2%
2022
$14,179
-46%
$122,123
14%
2021
$26,250
100%
$106,996
-9%
2020
$13,097
6%
$117,995
—
2019
$12,379
9%
$117,462
4%
2017
$11,338
—
$113,364
12%
2017
$11,338
5%
$101,509
8%
2016
$10,771
12%
$94,386
6%
2015
$9,644
17%
$89,226
5%
2014
$8,245
12%
$85,073
13%
2013
$7,374
—
$75,559
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 242 S 1st St
242 S 1st Street, Brooklyn, NY 11211 (MLS# 976266) is a Condo property with 1 bedroom and 2 full bathrooms. 242 S 1st Street is currently listed for $1,150,000 and was received on March 25, 2026. Want to learn more about 242 S 1st Street? Do you have questions about finding other Condo real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

