Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $950,000

· Closed December 10, 2025

40 W 116th Street #B302
Closed For Sale Condo

$950,000

$830 per sq ft

40 W 116th Street #B302

Harlem, Manhattan

MLS® #RLS20026275

RLS at REBNY

Listing by Compass

2

Bedrooms

2

Baths

1,145

Sq. Ft.

2006

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,145 sq ft
Year Built 2006
Ownership Condo
HOA/Common Charges $1,188/mo
Property Taxes $192/yr
Parking Garage
Neighborhood Harlem
Floor 1 of 12

Property Highlights

  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 1 of 12
Pets Yes, CatsOk, DogsOk
Year Built 2006
Living Area 1,145 sq ft
Parking Garage Available
Parking Features Garage
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Parcel # 1599-1365
Block/Lot 01599/7502

Listing History

Event Date Price Change
Listed May 27, 2025 $1,045,000 -
Price Reduced Dec 11, 2025 $999,000 -4.4%
Currently May 7, 2026 $950,000 -4.9%

Description

Spacious 2-Bedroom, 2-Bathroom with a Generous Layout, Tax Abatement & Full-Service Building. Welcome to 40 West 116th Street #B302 approximately 1,145 square feet of intelligently designed living space in this split two-bedroom, two-bath home at The Kalahari—a LEED-certified, full-service condominium offering an ideal balance of comfort, quality, and convenience. From the moment you enter the gracious foyer, you’ll appreciate the scale and thoughtful layout that sets this home apart. Oversized, wide windows throughout the apartment bring in abundant natural light and enhance the sense of openness in every room. The split-bedroom configuration ensures privacy, with each bedroom located on opposite sides of the expansive central living space—ideal for guests, or flexible use. The living room offers generous proportions and excellent flow, perfect for both daily relaxation and entertaining. Just off the living area, the dedicated dining space is enhanced with recessed lighting and includes a built-in wine fridge—a stylish and practical touch for everyday enjoyment or hosting. The adjacent modern, semi-open kitchen is equipped with full-sized stainless steel appliances, granite countertops, a sleek tile backsplash, and a breakfast bar. A rare oversized pantry adds exceptional storage—making this kitchen as functional as it is beautiful. The primary suite is a tranquil retreat, spacious enough to accommodate a king-size bed, and features a large walk-in closet along with a well-appointed en-suite bath. The second bedroom is equally roomy, easily fitting a queen or king-size bed, with a deep closet and convenient access to the second full bathroom, ideal for guests or shared living arrangements. Each bedroom is equipped with its own independent HVAC system for year-round personalized comfort. Additional conveniences include washer and dryer access on the same floor, making daily living even more efficient. Residents of The Kalahari enjoy full-service amenities, including a 24-hour doorman and concierge, two beautifully landscaped roof decks with skyline views, a peaceful courtyard garden, fully equipped fitness center, resident lounges, study rooms, and complimentary Wi-Fi in common areas. The building is pet-friendly and investor-friendly, with no sublet restrictions. Best of all, the home benefits from a 421-A tax abatement is till 2034, offering significant monthly savings and long-term value. Ideally located near major subway lines (2/3, B/C), Marcus Garvey Park, Whole Foods, and a dynamic mix of cultural and culinary destinations, this home is the complete package—offering space, smart design, and the full-service lifestyle buyers seek.

Features & Amenities

Interior Features

Breakfast Bar Recessed Lighting Walk In Closets Building Multiple Locations Common On Floor Common Area Laundry Room Flooring: Hardwood

Building Amenities

Elevators

Appliances

Dishwasher Wine Cooler

Building Information

Building Data View Compliance & Permits
Total Units 249
Stories 12
Structure MixedUse

Financial Details

Common Charges $1,188/mo
RE Taxes $192/yr ($16/mo)
Original Price $1,045,000
Sale Price $950,000
Previous Price $999,000

Harlem is a neighborhood of immense cultural significance and architectural beauty. Known for its historic 'Strivers' Row' and storied jazz heritage, the area offers some of the most impressive townhouse architecture in New York City. The real estate market is wide-ranging, featuring beautifully restored brownstones, value-driven HDFC cooperatives, and a growing number of modern luxury condominiums that offer contemporary amenities in a historic setting.

Harlem Live Market Data

View Neighborhood

Active Listings

76

Median Asking Price

$882K

Median $/Sqft

$846

Avg Days on Market

N/A

New This Week

2

Price Reduced

29%

Sold (30 Days)

7

Median Sale Price

$950K

Live data from RLS at REBNY • Updated 5/7/26, 11:13 AM EST

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Location

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40 W 116th Street #B302, Harlem, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
2
Floors
4
Residential Units
R6B
Zoning District

Tax & Assessment

Assessed Value: $784,350
Land Value: $72,000
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 4,000 SF
Building Area: 7,120 SF
Built FAR: 1.78
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,188 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $192, or roughly $16 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,145 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2006, making it approximately 20 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $950,000 for 1,145 sq ft, the asking price per square foot is approximately $830. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20026275
First Listed: 5/27/2025
On Market: 5/27/2025
Price Changed: 12/11/2025
Closed: 12/10/2025
Contract Date: 5/16/2025

Listing Courtesy of Compass - shimaa anwar

Listing Contact: (917) 635-9301

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/7/2026 at 3:13 PM UTC

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