---
title: "242 South 1st Street #4D, Brooklyn, NY 11211"
description: "242 South 1st Street #4D, Brooklyn, NY 11211 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,249,000. Est. potential buyer savings up to $31,225 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11211/242-south-1st-street-d-4D-ny-11211"
source: "Real Estate Rebate Team"
---

# 242 South 1st Street #4D, Brooklyn, NY 11211

> **Listing Courtesy of:** Compass

## Description

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

- **Price**: $1,249,000
- **Potential Buyer Rebate**: $31,225
- **Bedrooms**: 2
- **Bathrooms**: 2
- **Living Area**: 1,158 sqft
- **Property Type**: Residential
- **Year Built**: 1911
- **Building**: Lofts1
- **Neighbourhood**: Williamsburg
- **Area / Borough**: Brooklyn
- **Subdivision**: Williamsburg
- **Listing Office**: Compass
- **State**: NY
- **Flags**: New Development, Sponsor Unit

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$31,225** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/lofts1)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/williamsburg)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.