242 Greene Avenue (Shoe Factory Lofts)
242 Greene Avenue, Brooklyn, NY 11238
Clinton Hill, Brooklyn
BBL 3019667503 · BIN 3391833
- Year built
- 1930
- Type
- Condominium
- Units
- 13
- Floors
- 4
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
Every recorded sale at this building, 2007–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2024
- $1,252
- floor-adjusted, 1 sale
- Listing discount
- -1.1%
- Recorded sales
- 21
- On record
- 2007–2024
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Shoe Factory Lofts would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The eastern blocks of Clinton Hill, toward Classon Avenue, were a shoe-manufacturing district before the Depression. The building's plaque records that history: the factory era ended in the 1930s, and S. Hellerman, Inc. bought the building from the banks in 1940 and ran a textile-waste business there for decades. The same company later converted it to housing and sold every apartment itself. The sponsor and the building's longtime industrial owner were the same entity, which is uncommon in Brooklyn loft conversions.
The product is a true loft conversion at small scale. Thirteen apartments sit on a 76-foot frontage (per the DOB builders-pavement filing), four floors high, with the ceiling heights and window sizes of an industrial shell. Most of Clinton Hill's condominium supply is new construction or converted row houses and churches. Only a few buildings offer factory volumes at this unit count, and 95 Lexington Avenue and 10 Quincy Street are the nearest peers.
The tax line has changed. Buyers who bought here through the 2010s carried a J-51 benefit. It is now gone, and carrying costs are at full assessment.
Architecture and unit composition
The DOB alteration filed in 2004 converted an existing factory and warehouse building to a Class A multiple dwelling of 13 units on four stories, with a companion sprinkler filing. HPD records the building as a Class A dwelling built under current law.
Listing records describe ceilings of about 11 feet, oversized windows, mostly two- and three-bedroom, two-bath layouts, and private roof terraces for the fourth-floor units. The line structure is four units on the ground floor and three on each floor above. The ground floor includes the smallest unit in the building, 1D. Floor areas and terrace allocations by unit are in the declaration and are shared with clients during diligence.
Building operations
The association is self-governed by a board of managers. DOB records show exterior repair, painting and a new roof over the existing roof filed in 2011, lintel replacement signed off in 2014, and a sidewalk-shed permit in 2015. These filings establish repair activity, not participation in the city’s Façade Inspection and Safety Program; DOB applies that program to buildings higher than six stories, while this profile reports four. Current reserves, common charges and any assessment should come from the board's financial statements.
Building staffing and amenities
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- GardenSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Recent sales
The sponsor sold 12 of the 13 units between December 2007 and January 2008. The last unit closed in 2013. There is no sponsor inventory. ACRIS shows resales to separate, unrelated buyers since 2011, including 2024 activity at the top of the building's range. As a loft condominium, the building prices per square foot against Clinton Hill and Bedford-Stuyvesant loft conversions rather than against brownstone floor-throughs. Terraced fourth-floor units set the top of the range. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 25, 2024 | 4C | 3 BR · 2 BA · 1,666 sf | $2,085,000 | $1,252/sf | +9.7% |
| Jan 7, 2015 | 2B | 2 BR · 1,231 sf | $1,090,000 | $885/sf | -5.2% |
| Aug 22, 2014 | 4A | 3 BR · 2 BA · 1,558 sf | $1,300,000 | $834/sf | +8.3% |
| Dec 31, 2012 | 1C | 3 BR · 2,017 sf | $712,875 | $353/sf | — |
| Dec 29, 2011 | 2C | 3 BR · 1,666 sf | $885,000 | $531/sf | -3.3% |
| Aug 24, 2011 | 3B | 2 BR · 1,231 sf | $682,000 | $554/sf | -1.9% |
| Jan 18, 2008 | 3A | 3 BR · 1,558 sf | $756,843 | $486/sf | — |
| Jan 15, 2008 | 2B | 2 BR · 1,231 sf | $605,859 | $492/sf | +1.8% |
Market read. Most recent trades (2024) cleared a median $1,252/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount -1.1% over ask.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01966-7503; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Price on full taxes. The J-51 exemption and abatement have both ended. Get the current tax bill for the specific apartment and compare it with the tax line of any older listing, which may reflect the J-51 benefit. The seller's bill can also carry an owner-specific benefit, such as the cooperative and condominium abatement, that depends on the owner's own eligibility. Take common charges and any assessment from current building figures.
Read the declaration for terraces. Confirm whether each roof terrace is a limited common element or part of the unit, and who pays to maintain the roof membrane under it.
Ask for recent capital history. Obtain current façade and roof condition reports, completion records for the 2011 roof and later repairs, and the reserve balance; do not assume that a four-story building has a mandatory FISP cycle.
No Landmarks review. Exterior changes run through DOB and the board, not the LPC.
What to know if you’re selling
Sell the shell. Ceiling height, window size and loft volumes are what buyers here are paying for, so lead with them.
Disclose the tax position up front. Buyers who find out mid-deal that the J-51 has expired tend to renegotiate. Put the current tax bill in the listing package.
Comparable buildings
If you're considering 242 Greene Avenue, also evaluate:
- 252 Greene Avenue: Clinton Court, the separate 12-unit condominium two doors east (250 Greene sits between), in an 1890s flats building
- 95 Lexington Avenue: Lofts on Lex, a 20-unit condominium from a church and a warehouse, with its own J-51 burn-off
- 10 Quincy Street: the 1899 Loeser warehouse, converted to 46 loft condominiums
- 105 Lexington Avenue: a 32-unit loft condominium in a four-story commercial building nearby
- 372 DeKalb Avenue: Clinton Mews, another Clinton Hill shoe factory, converted to a co-op
- 110 Clifton Place: a 1920s factory converted to a 33-apartment loft cooperative
- 532 Clinton Avenue: a 14-unit Clinton Hill condominium at similar scale
More Clinton Hill buildings
- 215 Lafayette Avenue — 1868 condominium
- 217 Lafayette Avenue — 1868 condominium
- 218 Classon Avenue — 2022 condominium
- 25 Quincy Street — condominium
- 252 Greene Avenue (Clinton Court) — 1890 condominium
- 258 St. James Place (The James) — 2024 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Clinton Hill.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Shoe Factory Lofts?
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646.939.7375 · c.cohen@compass.com