242 South 1st Street #2B

$685,000

For Sale

Price Drop$15,000

588 ft²

$1,164 per ft²

1 room

Studio

1 bath

Condo
Williamsburg
Resale

This home has been saved by 84 users.

Open House

Sun, Dec 7 (11 AM–12 PM ET)

Report listing

Listing by Compass, Corporate Broker, 136 North 10th Street, Brooklyn, NY 11249

Listing updated in the last 2 days

Common charges

$286/mo

Estimated payment

$4,308/mo

Taxes

$513/mo

Tax abatement

No info

About

Seller’s agent

Stefania Rovera

Licensed Real Estate Salesperson

Compass

Paula Manna

Licensed Associate Real Estate Broker

Compass

description

***End-of-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.

Policies

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Home features

Central air
Dishwasher
Hardwood floors
Washer/dryer

Building amenities

Services and facilities

Doorman
Virtual

Wellness and recreation

No info on wellness and recreation

Shared outdoor space

No info on shared outdoor space

About the building

Lofts1

242 South 1st Street, Brooklyn, NY 11211

Condo building inWilliamsburg

23 units

4 stories

1911 built

For sale

1 available units for sale

For rent

0 available units for rent

Documents and permits

View documents and permits

Learn more about Lofts1

Property history

Price Change: ↓ $15,000 (-2.1%) on 12/4/25
Days on market: 78 days

Date	Price	Event
12/4/2025	$685,000	Price decreased by 2%
10/15/2025	$700,000	Price decreased by 2%
9/17/2025	$715,000	Listed by Compass
8/22/2025	$715,000	Delisted by Corcoran
7/18/2025	$715,000	Listed by Corcoran

Past listing photos

6/17/2022

Explore Williamsburg

Transit

Location	Distance
at Marcy Av	0.24 miles
at Metropolitan Av	0.33 miles
at Bedford Av	0.33 miles
at Hewes St	0.39 miles
at Lorimer St	0.46 miles

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About Williamsburg

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

Studio

$912K

RentalsMedian asking base rent

Studio

$3,750

Williamsburg is Brooklyn's booming epicenter with a well-deserved and worldwide reputation for being an influential hub thanks to a thriving cultural scene. Here you will find eye-catching new construction, brownstones, and prewars sitting next to historic buildings on streets dotted with restaurants, art spaces, boutiques, and more. With a Manhattan-facing waterfront (hello Domino Park!) and its large weekend markets (we're talking about you, Smorgasburg, and Artists & Fleas), the neighborhood is ideal for strolling and people watching. Another fringe benefit is Williamsburg's proximity to Manhattan via the G, L, M, and N subway lines.

Learn more about Williamsburg