Skip to Content
  • Apartments
  • Overview & Photos
  • Maps
  • Ratings & Insider Info
  • Building Specialists
  • Floorplans
  • Sales Data & Comps
  • Similar Buildings
242 South 1st Street
Last updated on Jun 18, 2026

Lofts1,
242 South 1st Street

242 South 1st Street is a four-story building in Williamsburg, originally built as a cheesecake factory in 1911 and converted to condos in 2007. The building is near popular attractions and has convenient access to public transportation.

242 South 1st Street Location Map

All Apartments For Sale

Unit #
Beds
Baths
Size
Price / Ft2
Price
Listed on
Days on Market
Thinking of selling? See how your apartment compares and who can sell it best. Start here
Unit #
Beds
Baths
Size
Closing Price
Price / Ft2
Asking Price
Sold on
Thinking of selling? See how your apartment compares and who can sell it best. Start here View Full Sales History

Overview of Lofts1 at 242 South 1st Street

Located at 242 South 1st Street, Lofts1 is a boutique condominium that was converted from a cheesecake factory originally built in 1911. The building features four stories and 23 unique units, offering a blend of industrial charm and modern amenities. Situated in the vibrant neighborhood of Williamsburg, residents enjoy proximity to popular destinations such as Domino Park and a variety of dining and nightlife options along Havemeyer Street, Grand Street, and Metropolitan Avenue.

Each unit in Lofts1 showcases distinctive features, including soaring ceilings, oversized factory-style windows, and exposed concrete beams. Common attributes include sleek maple hardwood floors, open kitchens equipped with GE stainless steel appliances, and in-unit washer/dryer setups. Notable layouts include spacious studios and duplexes, with some units offering private outdoor spaces such as balconies and roof decks.

Transportation is convenient, with access to multiple subway lines including the L, J, M, and Z trains, as well as nearby bus routes and ferry services. The building's low common charges and ongoing assessments for capital improvements make it an attractive option for potential buyers looking to invest in one of Brooklyn's most sought-after neighborhoods.

Lofts1 has also attracted notable residents, adding to its appeal as a desirable living space. With its unique character and prime location, it presents an excellent opportunity for those seeking a distinctive home in the heart of Williamsburg.

Doorman
None
Type
Condo
Year Built
1911
Converted: 2007
Apartments
Floors
4
Neighborhood
Min Down
20%

Amenities

  • Pre War
  • Video Intercom
  • Elevator
{ "key" : "AIzaSyDquABdSLhathmwfnoTcYwA1BY6coZZyZk", "lat": 40.71222, "lng": -73.95767, "marker": { "icon": "https://img3.cityrealty.com/neo/i/w/amenities/base.png" } }

  1. J
  2. M
  3. Z
at Havemeyer and Broadway 0.27 miles
  1. G
  2. L
at Union Ave and Metropolitan Ave 0.33 miles

Sales Summary

Show:
Thinking of selling? See how your apartment compares and who can sell it best. Start here

Sales History by Apartment Size

View Full Closing History
Show:

Pricing Comparison of Similar Buildings

View Detailed Comparison
520 Fifth Avenue
at the northwest corner of West 43rd Street
Midtown West
Iconic river-to-river views include the Empire State Building and Central Park. Elevated condos with magnificent arched windows, triple exposures, and soaring ceilings | Occupancy 2026.
Learn More