--- title: "242 South 1st Street #4D, New York City, NY 11211" description: "242 South 1st Street #4D, New York City, NY 11211 — Williamsburg, New York City, NY. Last Sold Price $1,225,000. Sold on 8/21/2026. 2 bed, 2 bath, 1,158 sqft" url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/242-south-1st-street-d-4D-ny-11211" source: "Real Estate Rebate Team" status: "Closed" --- # 242 South 1st Street #4D, New York City, NY 11211 Williamsburg, New York City, NY **New Development** Courtesy of Compass ## At a Glance - **Last Sold Price**: $1,225,000 - **Status**: Sold on 8/21/2026 - **Beds**: 2 - **Baths**: 2 - **Sqft**: 1,158 - **Common Charges**: $579 / mo - **Monthly Taxes**: $1,246 / mo - **Price per Sqft**: $1,058 - **Brokerage Fee**: Share Eligible This listing was successfully closed and is no longer active on the market. [Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) ## Photos (10) ![242 South 1st Street #4D, New York City, NY 11211 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4542cf35-7737-4c3f-8631-f0b002d0c08c.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4df61b74-671e-4649-9f7e-b0cb3812a335.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a6cabe93-5a03-4cbe-87ed-88965ec07a76.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a9abf977-49e9-431a-a202-074cccacdff8.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a2f8b739-31af-4131-9082-55c0d1a95d3e.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/39da5372-6417-4403-8d7a-1dbd30b5eb60.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/291f1cfa-9211-4d44-88ae-d68951747e1a.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/99f5dd20-f3fd-45ca-bce8-835f08dba6c7.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/09ff30ef-3af3-4f21-99e9-0a3821b15f98.jpg) ![242 South 1st Street #4D, New York City, NY 11211 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3d0c9735-1954-4e9f-9c4d-3952c4d5d530.jpg) ## Property Overview History meets modern living at 242 South 1st Street, a former 1911 cheesecake factory converted into a boutique 4-story condominium. This sun-drenched top-floor triplex delivers the kind of space and character that simply can't be replicated in new construction. The main level opens into a well-appointed kitchen with black granite countertops, GE stainless steel appliances, and generous cabinetry. A corner living area with southern and eastern exposures draws in light all day, framed by factory-sized windows and soaring 11-foot beamed ceilings. A sleek tiled bathroom with an extra-deep soaking tub completes the level. Up one flight, a private rooftop oasis awaits. Open sky, city views, and space to entertain or unwind. The open mezzanine level serves as a generous primary suite with a walk-in closet and en-suite bath. Above, a flexible top-level loft functions as a second bedroom or dedicated home office. Maple hardwood floors throughout. In-unit washer/dryer. Convertible two-bedroom layout. Positioned at the intersection of Havemeyer, Grand, and Metropolitan, you're steps from Williamsburg's best restaurants, cafes, and nightlife. The Bedford Ave L and Marcy Ave J/M/Z trains are both within easy reach. Common charges for the unit are $579/mo. There is an operating assessment of $1,072/mo until April 2030, covering completed capital contributions for facade, window/door, and roof repairs. Please note, the original offing plan has 4D as a 4-Room/1-Bath. This home has been modified into a convertible 2-bed/2-bath. ## Property Details - **Property Type**: Condominium - **Beds**: 2 - **Baths**: 2 - **Rooms**: 4 - **Sqft**: 1,158 sqft - **Stories**: 4 - **Year Built**: 1911 - **Price per Sqft**: $1,058 - **Common Charges**: $579 / Monthly - **Monthly Taxes**: $1,246 / mo - **Listed On**: May 27, 2026 - **Days on Market**: 103 Days ### Residence Features - Wall Unit(s) - Wall Furnace - Common On Floor - In Unit - See Remarks - Building Roof Deck - Private Outdoor Space Over 60 Sqft - Eat-in Kitchen - Granite Counters - High Ceilings - Soaking Tub - Walk-In Closet(s) - Dryer - Dishwasher - Stainless Steel Appliance(s) - Washer - Hardwood - City ## Buying in a new development? Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo. [Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc) ## Sales Evidence ### Recent closed sales 7 apartments at Lofts1 have recorded sales since September 2021, the most recent for $1,225,000 in August 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 4D (Apartment) | 2 | 1,158 | $1,225,000 | $1,058/ft² | August 21, 2026 | MLS | | 2E (Apartment) | 1 | 663 | $870,000 | $1,312/ft² | September 11, 2025 | City record | | 12 (Apartment) | 2 | — | $525,000 | — | November 22, 2022 | City record · MLS | | 2B (Apartment) | Studio | 587 | $650,000 | $1,107/ft² | June 17, 2022 | City record · MLS | | 2E (Apartment) | 1 | 664 | $788,000 | $1,187/ft² | March 16, 2022 | City record · MLS | | 1C (Apartment) | 2 | 1,417 | $1,070,000 | $755/ft² | February 16, 2022 | City record · MLS | | 4E (Apartment) | 2 | 1,447 | $1,495,000 | $1,033/ft² | September 17, 2021 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable condo two-bedroom sales in Williamsburg is $1,830,000, based on 121 sales between September 2024 and July 2026. This home is asking $1,225,000, $605,000 below that median. The middle half of those sales closed between $1,545,000 and $2,175,000. - **Median closed price**: $1,830,000 - **Middle half**: $1,545,000 – $2,175,000 - **Based on**: 121 condo two-bedroom sales in Williamsburg - **Period**: September 2024 – July 2026 - **Median $/ft²**: $1,591/ft² Across the 106 of these sales with a published asking price, the median closed at 99.5% of what it originally asked. 51% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Williamsburg instead. ### How these sales were negotiated - **Sold vs original ask**: 99.5% of the original ask - **Closed below ask**: 51% of 106 sales - **Listed → in contract**: 43 days (about 6 weeks) - **In contract → closed**: 61 days (about 9 weeks) Across the 106 of these sales with a published asking price, the median closed at 99.5% of what it originally asked. 51% of them closed below the original ask. Half of these homes were in contract within 43 days (about 6 weeks) of coming to market, based on the 109 with a recorded listing date. Once a deal was agreed, closing took a further 61 days (about 9 weeks), based on the 106 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 121 condo two-bedroom sales in Williamsburg, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median price per square foot for sales at Lofts1, 2017 to 2022. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year. | Year | Median $/ft² | Sales | | --- | --- | --- | | 2017 | $1,011/ft² | 3 (thin) | | 2021 | $1,033/ft² | 3 (thin) | | 2022 | $1,107/ft² | 3 (thin) | Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at Lofts1](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/lofts1) ## Price and Property History for 242 South 1st Street, Unit 4D Review the recorded listing activity for 242 South 1st Street, Unit 4D, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $24,000, or 1.9%, on August 21, 2026 - **Originally listed**: May 20, 2026 at $1,249,000 - **Last sold**: $1,225,000 on August 21, 2026 | Date | Price | Listing event | | --- | --- | --- | | August 21, 2026 | $1,225,000 | Sold | | August 21, 2026 | $1,225,000 | Asking price reduced by $24,000, or 1.9% | | June 11, 2026 | $1,249,000 | Entered contract | | May 20, 2026 | $1,249,000 | Listed for sale by Compass | ## Property Tax History Taxes at 242 South 1st Street #4D were $15,648 in 2026, up 2.2% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $128,914 | $2,412 | $126,502 | $125,185 | $15,648 | 12.5% (estimated) | | 2025 (FY 2025/26) | $132,841 | $2,412 | $130,429 | $122,440 | $15,305 | 12.5% (estimated) | | 2024 (FY 2024/25) | $125,617 | $2,412 | $123,205 | $119,472 | $14,934 | 12.5% | | 2023 (FY 2023/24) | $124,636 | $2,412 | $122,224 | $117,840 | $14,732 | 12.502% | | 2022 (FY 2022/23) | $122,123 | $2,412 | $119,711 | $115,586 | $14,179 | 12.267% | | 2021 (FY 2021/22) | $106,996 | $2,412 | $104,584 | $106,996 | $13,091 | 12.235% | | 2020 (FY 2020/21) | $117,995 | $2,412 | $115,583 | $105,001 | $12,880 | 12.267% | | 2019 (FY 2019/20) | $117,462 | $2,412 | $115,050 | $99,247 | $12,379 | 12.473% | | 2018 (FY 2018/19) | $113,364 | $2,412 | $110,952 | $92,768 | $11,700 | 12.612% | | 2017 (FY 2017/18) | $101,509 | $2,412 | $99,097 | $89,146 | $11,338 | 12.719% | | 2016 (FY 2016/17) | $94,386 | $2,412 | $91,974 | $83,547 | $10,771 | 12.892% | | 2015 (FY 2015/16) | $89,226 | $2,412 | $86,814 | $74,859 | $9,644 | 12.883% | | 2014 (FY 2014/15) | $85,073 | $2,412 | $82,661 | $67,892 | $8,728 | 12.855% | | 2013 (FY 2013/14) | $75,559 | $2,412 | $73,147 | $62,725 | $8,245 | 13.145% | | 2012 (FY 2012/13) | $73,520 | $2,412 | $71,108 | $54,897 | $7,236 | 13.181% | | 2011 (FY 2011/12) | $50,943 | $2,412 | $48,531 | $45,803 | $6,153 | 13.433% | | 2010 (FY 2010/11) | $54,366 | $2,412 | $51,954 | $40,859 | $5,456 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3024081221. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### Lofts1 242 South 1st Street, Brooklyn, NY 11211 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1911 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/lofts1) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4D](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11211/242-south-1st-street-d-4D-ny-11211) | 2 | 2 | 1,158 sqft | $1,058 | $1,225,000 (-1.9%) | Compass | May 27, 2026 | 103 days | ## Estimated Monthly Payment **$8,019 / month**, assuming a 20% down payment ($245,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $6,194 - **Property Taxes**: $1,246 - **Common Charges**: $579 Estimates only. Actual payments may vary. Confirm terms with your lender. ## This is a new development purchase Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price. - [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [More new developments](https://realestaterebatesnewyork.com/new-developments) ## Williamsburg Overview of Williamsburg [Explore Williamsburg](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Williamsburg - [Greenpoint real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/greenpoint) - [Navy Yard real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/navy-yard) - [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) - [Bushwick real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Vinegar Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/vinegar-hill) ## Related Links - [Lofts1 — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/lofts1) - [Williamsburg neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.