Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,290,000

· Closed June 26, 2024

40 W 116th Street #B708
Closed For Sale Condo

$1,290,000

$931 per sq ft

40 W 116th Street #B708

Harlem, Manhattan

MLS® #RLS10987312

RLS at REBNY

Listing by Compass

3

Bedrooms

2

Baths

1,386

Sq. Ft.

2006

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 1,386 sq ft
Year Built 2006
Ownership Condo
HOA/Common Charges $1,172/mo
Property Taxes $192/yr
Parking Garage
Neighborhood Harlem
Floor 7 of 12

Property Highlights

  • Exposure: South facing
  • Climate Control: Central Air, Other
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 7 of 12
Exposure South
Heating Central
Cooling Central Air, Other
Pets Yes, CatsOk, DogsOk
Year Built 2006
Living Area 1,386 sq ft
Parking Garage Available
Parking Features Garage
Structure Type HighRise
Furnished Unfurnished
Parcel # 1599-1415
Block/Lot 01599/1415

Listing History

Event Date Price Change
Listed Nov 16, 2023 $1,350,000 -
Price Reduced Jul 16, 2024 $1,300,000 -3.7%
Currently May 7, 2026 $1,290,000 -0.8%

Description

Meticulous 3-bedroom, 2-bathroom condo with Southern bright exposure and outdoor space with open views to the Empire State Building. Loft-style layout with 30’ open living room and separate dining area, with over 9 ft ceilings. The semi-open Chef’s kitchen comes with stainless steel Kitchen Aide appliances, lava stone countertops, a large pantry, and an open breakfast bar. The large master bedroom suite can easily fits a king-size bed, includes a walk-in closet with Elfa system installed, and leads to a beautiful marble bathroom with a deep soaking Kohler bathtub, Kohler fixtures, and very generous cabinet storage along with a 42" vanity and granite counter. The second bathroom also has generous cabinet storage with a granite counter and a three-mirror vanity. There are beautiful bamboo floors throughout the entire apartment. Low common charges and tax 25-yr Tax Abatement through 2034. The Kalahari is a Gold LEED Certified green building that offers an on-site Resident Manager, friendly helpful staff, and an abundance of amenities, including a no-fee fully-equipped fitness center that looks out onto the picturesque landscaped courtyard (with complimentary herb garden), laundry rooms on every floor, free WiFi throughout the common areas, filtered-air system, package room, attached garage with valet service, meeting/party room, library, bike room, 2 music practice rooms with a piano, kids playroom, security cameras, on-site Zip Cars, and 2 roof decks and solar panels. Conveniently located a few blocks from Central Park, Mt Morris Park, subways 2, 3, 6, B, C and major bus routes, gourmet restaurants, Coffee shops, Whole Foods & soon to be Trader Joe’s. Investor, sublet, and pet-friendly condominium!

Features & Amenities

Interior Features

Breakfast Bar Pantry Building Multiple Locations Common On Floor Common Area

Exterior Features

Garden

Appliances

Dishwasher Gas Oven Refrigerator Stainless Steel Appliances

Building Information

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

Financial Details

Common Charges $1,172/mo
RE Taxes $192/yr ($16/mo)
Original Price $1,350,000
Sale Price $1,290,000
Previous Price $1,300,000

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, 2:11 PM EST

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Location

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40 W 116th Street #B708, 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 $1,172 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 3 bedrooms and 2 full bathrooms.

The listed interior living area is 1,386 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 $1,290,000 for 1,386 sq ft, the asking price per square foot is approximately $931. 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: RLS10987312
First Listed: 11/16/2023
On Market: 11/16/2023
Price Changed: 7/16/2024
Closed: 6/26/2024
Contract Date: 6/22/2023

Listing Courtesy of Compass - Dianne Howard

Listing Contact: (917) 549-3239

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 6:11 PM UTC

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