Lofts1

Lofts1 is a condo located 242 South 1st Street, in Williamsburg, Brooklyn. The building was first built in 1911 and is 113 years old. It was first renovated and altered in 2005. The lot that the building was built on is 55 feet wide and 100 feet long. The official lot area is listed as 4,840 square feet. The building itself is 50 feet wide and 90 feet long. In total, 242 South 1st Street has a total floor area of 20,944 square feet. Of that, 20,944 square feet are used for residential purposes. There are a total of 30 units. Of those, 23 are residential units. There are 7 commercial units. 242 South 1st Street has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 64 closings on record, of which we have matching data for 11 listings. In the past 3 years, a listing in this building will typically remain on the market for about 135 days Meaning, listings tend to sell at a median of $1,030 price per square foot. The transaction that took the longest to complete was unit 4E, listed on Mar 27, 2014 for $1,100,000. This particular unit ultimately sold 293 days later for $1,050,000. The most recent transaction was for unit 2B, which was first advertised on Jan 19, 2022, sold for $650,000 on Jun 17, 2022. Fun fact, the oldest transaction we have on record took place on Apr 03, 1973. See the full transaction history for Lofts1 below.

Williamsburg, where 242 South 1st Street is located, has a median asking price of $1,100,000 for condo buildings. Meanwhile, the building itself has a median asking price of $749,000. For interested buyers, that means the building's median asking price is around 0.32% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,360,000. It is a 1,173 sqft 2-bedroom and 2-bathroom unit.