242 South 2nd Street

242 South 2nd Street is a Co-op located in Williamsburg, Brooklyn. The building was first built in 1914 and is 110 years old. It was first renovated and altered in 1982. The lot that the building was built on is 50 feet wide and 120 feet long. The official lot area is listed as 6,000 square feet. The building itself is 50 feet wide and 102 feet long. In total, 242 South 2nd Street has a total floor area of 24,850 square feet. Of that, 23,850 square feet are used for residential purposes. About 1,000 square feet of the building are used for commercial purposes. There are a total of 34 units. Of those, 33 are residential units. There is one commercial unit. 242 South 2nd Street has a total of 6 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 18 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 150 days The transaction that took the longest to complete was unit 14, listed on Mar 11, 2022 for $325,000. This particular unit ultimately sold 192 days later for $325,000. The most recent transaction was for unit 12, which was first advertised on Aug 07, 2022, sold for $525,000 on Nov 22, 2022. Fun fact, the oldest transaction we have on record took place on Mar 30, 1966. See the full transaction history for 242 South 2nd Street below.

Williamsburg, where 242 South 2nd Street is located, has a median asking price of $490,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $425,000. For interested buyers, that means the building's median asking price is around 0.13% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op 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 $525,000. It is a 2-bedroom and 1-bathroom unit.