---
title: "40 West 116th Street #A307, New York City, NY 10026"
description: "40 West 116th Street #A307, New York City, NY 10026 — Harlem, New York City, NY. Listing Price $775,000. In contract 7/1/2026. 2 bed, 2 bath, 950 sqft Illustrative Buyer Commission Share of $11,625 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10026/40-west-116th-street-a307-A307-ny-10026"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 40 West 116th Street #A307, New York City, NY 10026

Harlem, New York City, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $775,000
- **Status**: In contract 7/1/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 2
- **Baths**: 2
- **Sqft**: 950
- **Common Charges**: $627 / mo
- **Monthly Taxes**: $7 / mo
- **Price per Sqft**: $816
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $775,000
- **Illustrative Buyer Commission Share**: -$11,625*
- **Illustrative Net Cost**: $763,375

*Illustrative Buyer Savings of $11,625 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![40 West 116th Street #A307, New York City, NY 10026 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d1039fbe-d6e5-4db9-9f4d-14a96ff166c8.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7693ddc4-eb37-411e-8ec4-902506e9b791.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e03222b3-1260-4e46-9580-3d396e22775a.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e1127755-01e2-4d61-83eb-76539601ebb6.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7e63175a-c375-4459-a155-0e90a2f3d1f7.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/019be86b-121f-4095-89f7-1939e0a0de2b.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/79a5d1d4-3fdc-40d3-a595-d1c9596264d8.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3760e056-1745-477e-aed2-b57cad9a628c.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ecdcb34f-052a-4664-80a1-48a800dd42d4.jpg)
![40 West 116th Street #A307, New York City, NY 10026 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1aab8701-ea14-4f18-b911-fdda5c10fd1c.jpg)

## Property Overview

Welcome to Harlem’s beloved Kalahari Condominium; where your dreams meet your budget, and coming home always feels like a win. Apartment A307 offers a smart split-bedroom layout with two spacious bedrooms and two gleaming tile baths, separated for privacy and comfort. High ceilings, oversized windows, and ample closets enhance the sense of space throughout.

The large open kitchen features granite countertops, a breakfast bar, and high-end appliances, flowing seamlessly into a cozy living and entertaining area with tranquil views of the shade trees lining 116th Street. Newly installed hardwood floors run throughout the apartment, and HVAC units in every room ensure year-round comfort.

Pet-friendly and smoke-free, the Kalahari is a full-service, GOLD LEED-certified luxury building with a 24-hour attended lobby, expansive recreation patio, two roof terraces, children’s playroom, music practice rooms, library, meeting room, on-site garage with Zipcars, and multiple laundry facilities. A tax abatement through 2033 and monthly charges of just $634; which include heat and all amenities make this an exceptional value.

Located in vibrant South Harlem, 40 W 116th Street is moments from the 2/3 express trains on Lenox Avenue, close to Central Park, Whole Foods, and the 6 and B/C subways, with a thriving dining and nightlife scene that continues to elevate Harlem’s appeal among savvy Manhattan buyers. Please note: Unit A307 must be used as a primary residence. Subletting is permitted only two out of every five years.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Baths**: 2
- **Rooms**: 5
- **Sqft**: 950 sqft
- **Stories**: 12
- **Year Built**: 2006
- **Price per Sqft**: $816
- **Common Charges**: $627 / Monthly
- **Monthly Taxes**: $7 / mo
- **Listed On**: Jan 21, 2026
- **Days on Market**: 235 Days

### Residence Features

- Wall Unit(s)
- Wall Furnace
- Building Multiple Locations
- Common On Floor
- Common Area
- Laundry Room
- Garage
- Building Garden
- Building Roof Deck
- Breakfast Bar
- Walk-In Closet(s)
- Dishwasher
- Hardwood
- Neighborhood

### Building Amenities

- Clubhouse
- Garage

## Sales Evidence

### Recent closed sales

30 apartments at 40 West 116th Street have recorded sales since September 2021, the most recent for $1,450,000 in July 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [PHB1101](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10026/40-west-116th-street-phb1101-PHB1101-ny-10026) (Duplex) | 2 | 1,436 | $1,450,000 | $1,010/ft² | July 28, 2026 | MLS |
| A-1208 (Apartment) | 3 | 1,496 | $1,305,000 | $872/ft² | May 11, 2026 | City record · MLS |
| A907 (Apartment) | 3 | 1,412 | $1,425,000 | $1,009/ft² | May 8, 2026 | City record · MLS |
| B401 (Apartment) | 1 | 725 | $656,500 | $906/ft² | January 16, 2026 | City record · MLS |
| B302 (Apartment) | 2 | 1,145 | $950,000 | $830/ft² | December 10, 2025 | City record · MLS |
| A914 (Apartment) | 2 | 910 | $870,000 | $956/ft² | November 6, 2025 | City record |
| A313 (Apartment) | 2 | 1,150 | $999,000 | $869/ft² | July 23, 2025 | City record · MLS |
| A1206 (Apartment) | 2 | 1,255 | $1,210,000 | $964/ft² | May 19, 2025 | City record · MLS |
| B310 (Apartment) | 2 | 1,086 | $960,000 | $884/ft² | January 16, 2025 | City record · MLS |
| A709 (Apartment) | 2 | 1,075 | $1,055,000 | $981/ft² | July 17, 2024 | City record · MLS |
| B708 (Apartment) | 3 | 1,386 | $1,290,000 | $931/ft² | June 26, 2024 | City record · MLS |
| B806 (Apartment) | 2 | 1,022 | $980,000 | $959/ft² | June 18, 2024 | City record · MLS |
| A611 (Apartment) | 2 | 1,184 | $1,070,000 | $904/ft² | March 15, 2024 | City record · MLS |
| B209 (Apartment) | 2 | 1,148 | $1,250,000 | $1,089/ft² | February 14, 2023 | City record · MLS |
| A-505 (Apartment) | 3 | 1,323 | $1,287,000 | $973/ft² | February 8, 2023 | City record · MLS |
| B-406 (Apartment) | 2 | 1,022 | $880,000 | $861/ft² | October 21, 2022 | City record · MLS |
| A-501 (Apartment) | 1 | 750 | $649,999 | $867/ft² | September 29, 2022 | City record · MLS |
| A506 (Apartment) | 2 | 1,184 | $1,150,000 | $971/ft² | July 19, 2022 | City record · MLS |
| B906 (Apartment) | 2 | 1,099 | $1,240,000 | $1,128/ft² | July 15, 2022 | City record · MLS |
| B-408 (Apartment) | 3 | 1,386 | $1,374,000 | $991/ft² | July 7, 2022 | City record · MLS |
| A916 (Apartment) | 2 | 830 | $925,000 | $1,114/ft² | June 30, 2022 | City record · MLS |
| A1001 (Apartment) | 1 | 743 | $665,000 | $895/ft² | June 21, 2022 | City record |
| B-1006 (Apartment) | 2 | 1,099 | $1,020,000 | $928/ft² | May 31, 2022 | City record · MLS |
| A-516 (Apartment) | 2 | 830 | $810,500 | $977/ft² | May 9, 2022 | City record · MLS |
| B1102 (Apartment) | — | 1,605 | $1,875,000 | $1,168/ft² | April 8, 2022 | City record |
| B-803 (Apartment) | 3 | 1,386 | $1,355,000 | $978/ft² | February 23, 2022 | City record · MLS |
| B-809 (Apartment) | 2 | 1,143 | $1,060,000 | $927/ft² | December 29, 2021 | City record · MLS |
| A-904 (Apartment) | 4 | 1,732 | $2,210,000 | $1,276/ft² | December 3, 2021 | City record · MLS |
| A616 (Apartment) | 1 | 830 | $785,000 | $946/ft² | November 2, 2021 | City record |
| A411 (Apartment) | 2 | 1,184 | $1,120,000 | $946/ft² | September 22, 2021 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable two-bedroom sales at 40 West 116th Street is $1,020,000, based on 17 sales between September 2021 and December 2025. This home is asking $775,000, $245,000 below that median. The middle half of those sales closed between $950,000 and $1,120,000.

- **Median closed price**: $1,020,000
- **Middle half**: $950,000 – $1,120,000
- **Based on**: 17 two-bedroom sales at 40 West 116th Street
- **Period**: September 2021 – December 2025
- **Median $/ft²**: $956/ft²

Across the 11 of these sales with a published asking price, the median closed at 95.9% of what it originally asked. 82% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 95.9% of the original ask
- **Closed below ask**: 82% of 11 sales
- **Listed → in contract**: 126 days (about 18 weeks)
- **In contract → closed**: 62 days (about 9 weeks)

Across the 11 of these sales with a published asking price, the median closed at 95.9% of what it originally asked. 82% of them closed below the original ask.

Half of these homes were in contract within 126 days (about 18 weeks) of coming to market, based on the 14 with a recorded listing date.

Once a deal was agreed, closing took a further 62 days (about 9 weeks), based on the 14 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 17 two-bedroom sales at 40 West 116th Street, September 2021 – December 2025. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at 40 West 116th Street, 2016 to 2026. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2016 | $1,058/ft² | 3 (thin) |
| 2017 | $1,075/ft² | 8 |
| 2018 | $1,058/ft² | 6 |
| 2019 | $964/ft² | 7 |
| 2020 | $942/ft² | 4 (thin) |
| 2021 | $946/ft² | 11 |
| 2022 | $977/ft² | 11 |
| 2024 | $945/ft² | 4 (thin) |
| 2025 | $884/ft² | 5 |
| 2026 | $906/ft² | 3 (thin) |

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 40 West 116th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/40-west-116th-street)

## Price and Property History for 40 West 116th Street, Unit A307

Review the recorded listing activity for 40 West 116th Street, Unit A307, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $24,000, or 3%, on May 10, 2026
- **Originally listed**: November 25, 2025 at $950,000
- **Entered contract**: July 1, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| July 1, 2026 | $775,000 | Entered contract |
| May 10, 2026 | $775,000 | Asking price reduced by $24,000, or 3% |
| November 25, 2025 | $950,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 40 West 116th Street #A307 were $89 in 2026.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $88,351 | $1,269 | $87,082 | $88,351 | $89 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $84,890 | $1,269 | $83,621 | $84,890 | $89 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $79,848 | $1,269 | $78,579 | $79,848 | $89 | 12.5% |
| 2023 (FY 2023/24) | $79,553 | $1,269 | $78,284 | $79,553 | $89 | 12.502% |
| 2022 (FY 2022/23) | $77,731 | $1,269 | $76,462 | $77,731 | $88 | 12.267% |
| 2021 (FY 2021/22) | $74,342 | $1,269 | $73,073 | $74,342 | $87 | 12.235% |
| 2020 (FY 2020/21) | $82,306 | $1,269 | $81,037 | $82,306 | $88 | 12.267% |
| 2019 (FY 2019/20) | $80,455 | $1,269 | $79,186 | $67,190 | $89 | 12.473% |
| 2018 (FY 2018/19) | $71,802 | $1,269 | $70,533 | $58,797 | $90 | 12.612% |
| 2017 (FY 2017/18) | $66,938 | $1,269 | $65,669 | $52,950 | $91 | 12.719% |
| 2016 (FY 2016/17) | $62,185 | $1,269 | $60,916 | $48,782 | $92 | 12.892% |
| 2015 (FY 2015/16) | $54,594 | $1,269 | $53,325 | $44,885 | $92 | 12.883% |
| 2014 (FY 2014/15) | $38,491 | $1,269 | $37,222 | $42,587 | $92 | 12.855% |
| 2013 (FY 2013/14) | $42,548 | $1,269 | $41,279 | $48,221 | $94 | 13.145% |
| 2012 (FY 2012/13) | $46,081 | $1,269 | $44,812 | $52,450 | $94 | 13.181% |
| 2011 (FY 2011/12) | $42,717 | $1,269 | $41,448 | $60,340 | $96 | 13.433% |
| 2010 (FY 2010/11) | $64,837 | $1,269 | $63,568 | $64,554 | $95 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 1015991223. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 40 West 116th Street

Harlem · Condominium

40 West 116th Street, New York, NY 10026

A building in Harlem, currently featuring 3 active listings.

- **Year Built**: 2006
- **Total Units**: 3
- **Floors**: 12

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/40-west-116th-street)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [A307](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10026/40-west-116th-street-a307-A307-ny-10026) | 2 | 2 | 950 sqft | $816 | $775,000 (-3.0%) — In contract | Compass | Jan 21, 2026 | 234 days |
| [B304](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10026/40-west-116th-street-b304-B304-ny-10026) | Studio | 1 | 484 sqft | $824 | $399,000 (-11.3%) | Compass | May 26, 2026 | 109 days |
| [A916](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10026/40-west-116th-street-a916-ny-10026) | 2 | 1 | 830 sqft | $1,084 | $900,000 | Berkshire Hathaway HomeServices New York Properties | Sep 4, 2026 | 8 days |

## Estimated Monthly Payment

**$4,553 / month**, assuming a 20% down payment ($155,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,919
- **Property Taxes**: $7
- **Common Charges**: $627

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Harlem

Overview of Harlem

[Explore Harlem](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/harlem) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Harlem

- [Morningside Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights)
- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)

## Related Links

- [40 West 116th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/40-west-116th-street)
- [Harlem neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/harlem)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.