242 S 1st St APT 1D, Brooklyn, NY, 11211
About This Home
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. Reach out to Jessie Lookfong TODAY to Schedule a Showing! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
Getting Around
Walker's Paradise
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1911
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 1,074
- Total interior livable area: 1,074 sqft
Property
Details
- Parcel number: 024081203
- Special condition: Resale
Features
- Patio & porch: Terrace
- Exterior features: Terrace
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,815 | $69,780 |
| Home Insurance * | $152 | $1,824 |
| Property Taxes | $536 | $6,432 |
| Electricity | $246 | $2,954 |
| Total | $6,749 | $80,988 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-25 | Listed for sale | $1,150,000 |
| 2025-08-13 | Listing removed | $1,299,000 |
| 2025-05-12 | Listed for sale | $1,299,000 |
| 2008-04-11 | Sold | $534,581 |
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