--- title: "40 West 116th Street #A406, New York City, NY 10026" description: "40 West 116th Street #A406, New York City, NY 10026 — Harlem, New York City, NY. Listing Price $950,000. In contract 5/12/2026. 2 bed, 2 bath, 1,200 sqft Illustrative Buyer Commission Share of $14,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10026/40-west-116th-street-a406-ny-10026" source: "Real Estate Rebate Team" status: "Pending" --- # 40 West 116th Street #A406, New York City, NY 10026 Harlem, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $950,000 - **Status**: In contract 5/12/2026 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**: 1,200 - **Common Charges**: $1,210 / mo - **Price per Sqft**: $792 - **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**: $950,000 - **Illustrative Buyer Commission Share**: -$14,250* - **Illustrative Net Cost**: $935,750 *Illustrative Buyer Savings of $14,250 — 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 #A406, New York City, NY 10026 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c223f8a7-3090-4156-98c2-8e9472518689.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1e6db9b9-90a8-48b9-8a42-96c0ba4f0663.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8403e87d-dd05-47d1-98b3-3bb0447195b3.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5141e5e2-ec9f-4513-a4f9-fe2f38816cdc.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5a37ab92-ae71-41ce-ad8b-20918bccfc95.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/012ecb63-8623-4a21-9afe-93211552a5e9.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ee864f8b-9a57-4e9c-806a-b399a7d97f36.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/16fd3191-5231-4143-9802-01edc9a9043d.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f6c31b1-d70b-4e75-92cc-9364192151c9.jpg) ![40 West 116th Street #A406, New York City, NY 10026 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2b2ac60f-3f89-4fbb-8c27-c10ca97f9d95.jpg) ## Property Overview This is HOME: This sun-filled 2 bed 2 bath (in triple mint condition as rarely used by original owners) is located in a full-service condominium in Central Harlem. Oversized windows afford open city views and abundant natural light in every room. The modern kitchen with tremendous storage space is open to both the living room and to the separate dining area. A smart layout provides for split bedrooms and generous closet space, and there is lovely bamboo hardwood flooring throughout. In the king sized main bedroom, enjoy an en-suite bathroom with deep soaking tub and two walk-in closets. Laundry is on every floor, and there is a 421A tax abatement in place until 2034. Located in a vibrant neighborhood with close proximity to Central, Morningside, and Marcus Garvey Parks, multiple local and express transportation options, and a lively restaurant scene, The Kalahari is a LEED certified, full-service green condominium. Amenities include a 24-hour concierge, resident building manager, children's playroom, fully equipped fitness center, garage, bike room, sound proofed music practice rooms, and a library. In addition to a roof deck with panoramic city views, there is a fully landscaped courtyard on the amenity floor. Storage unit is available for purchase and pets are allowed. ## Property Details - **Property Type**: Condominium - **Beds**: 2 - **Baths**: 2 - **Rooms**: 4 - **Sqft**: 1,200 sqft - **Stories**: 12 - **Year Built**: 2006 - **Price per Sqft**: $792 - **Common Charges**: $1,210.22 / Monthly - **Listed On**: Dec 2, 2025 - **Days on Market**: 279 Days ### Residence Features - Central Air - Central - Building Multiple Locations - Common On Floor - Common Area - Attached - Garage - Building Barbecue - Building Garden - Building Roof Deck - Private Outdoor Space Under 60 Sqft - Recessed Lighting - Walk-In Closet(s) - City Lights - City - Neighborhood ### Building Amenities - Clubhouse - Attached - Garage ## Sales Evidence ### How this price compares The median closed price for comparable condo two-bedroom sales in Harlem is $997,000, based on 18 sales between January 2025 and June 2026. This home is asking $950,000, $47,000 below that median. The middle half of those sales closed between $950,000 and $1,087,500. - **Median closed price**: $997,000 - **Middle half**: $950,000 – $1,087,500 - **Based on**: 18 condo two-bedroom sales in Harlem - **Period**: January 2025 – June 2026 - **Median $/ft²**: $884/ft² Across the 14 of these sales with a published asking price, the median closed at 96.4% of what it originally asked. 79% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Harlem instead. ### How these sales were negotiated - **Sold vs original ask**: 96.4% of the original ask - **Closed below ask**: 79% of 14 sales - **Listed → in contract**: 182 days (about 26 weeks) - **In contract → closed**: 66 days (about 9 weeks) Across the 14 of these sales with a published asking price, the median closed at 96.4% of what it originally asked. 79% of them closed below the original ask. Half of these homes were in contract within 182 days (about 26 weeks) of coming to market, based on the 14 with a recorded listing date. Once a deal was agreed, closing took a further 66 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 18 condo two-bedroom sales in Harlem, January 2025 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house two-bedroom sales in Harlem, 2017 to 2025. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $1,283,750 | 24 | | 2018 | $1,315,000 | 19 | | 2019 | $1,206,000 | 18 | | 2020 | $1,035,000 | 15 | | 2021 | $1,100,000 | 35 | | 2022 | $1,410,000 | 31 | | 2023 | $1,250,000 | 11 | | 2024 | $1,499,000 | 13 | | 2025 | $1,050,000 | 13 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Harlem instead. 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. ## Price and Property History for 40 West 116th Street, Unit A406 Review the recorded listing activity for 40 West 116th Street, Unit A406, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $49,000, or 4.9%, on January 1, 2026 - **Originally listed**: December 1, 2025 at $999,000 - **Entered contract**: May 12, 2026 | Date | Price | Listing event | | --- | --- | --- | | May 12, 2026 | $950,000 | Entered contract | | January 1, 2026 | $950,000 | Asking price reduced by $49,000, or 4.9% | | December 1, 2025 | $999,000 | Listed for sale by Compass | ## Estimated Monthly Payment **$6,014 / month**, assuming a 20% down payment ($190,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $4,804 - **Common Charges**: $1,210 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 - [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.