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40 West 116th Street #A501
Condo in South Harlem •  building info
1bd • 1ba • 750ft² $867 per ft²
Sold price

$649,999

Key Details
Days on market
387
Last price change
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Estimated payment
$4,094
Taxes
Monthly common charges
$390
Description
This apartment qualifies for the Eagle program through First Republic. Which offers a 30-year fixed rate of 3.28% and $7,000 towards closing costs. An opportunity to own a one-bedroom condo unit, in a full-service building for the price of renting. This South facing, oversized one-bedroom features a wonderful entry foyer spacious enough to place a large storage bench or multiple shelving. The large living/dining room area can accommodate an 8-seat dining room table, along with a full sofa, chairs, and a work from home desk, placed in its very own nook. Oversized windows, with lots of natural light, perfectly complement the space. The sizable hallway to the primary bedroom, features two extra-wide closets to store all of your Costco needs, the primary bedroom can also accommodate a king-size bed and features a wall of closets. The entire apartment has recently been updated with red oak hardwood floors and wide baseboards. The open kitchen with breakfast bar has black granite counters, dishwasher, and a built-in microwave. You can't beat the VERY LOW monthly common charges of $369 + a 25-yr Tax Abatement through 2034 @ $6 per month. The Kalahari condo is a full service luxury 24 hour Concierge Gold LEED Certified building that offers an amazing on-site Resident Manager, friendly helpful Staff and fantastic amenities including a complimentary fully equipped fitness center which looks out onto the landscaped courtyard, 2 roof decks, kids playroom, 2 music rooms one with a piano, party room, library/work spacea and laundry rooms on each floor, Fiber Optic smart network (FIOS), free WiFi throughout the complex, package room, cold storage, attached garage with valet parking & on-site Zip Cars. Pet friendly too! Conveniently located just a few blocks from Central Park, Mt Morris Park & Morningside Park, the 2,3,4,5,6,B & C subways, buses, great restaurants, cafes, whole foods and soon to open National Urban League headquarters which will house Trader Joe's, Target and The Civil Rights Museum . THIS MUST BE A PRIMARY RESIDENCE AND SUBLEASING IS ALLOWED AFTER 6 MONTHS OF OCCUPANCY EVERY 2 OUT OF 5 YEARS opportunity to own a one bedroom condo unit, in a full - service building for the price of renting. This South facing, oversized one-bedroom features a wonderful entry foyer spacious enough to place a large storage bench or multiple shelving. The large living/dining room area can accommodate an 8 seat dining room table, along with a full sofa, chairs, and a work from home desk, placed in its very own nook. Oversized windows, with lots of natural light perfectly complement the space. The sizable hallway to the primary bedroom, features two extra-wide closets to store all of your Costco needs, the primary bedroom can also accomodate a king-size bed and features a wall of closets. The entire apartment has recently been updated with red oak hardwood floors and wide baseboards. The open kitchen with breakfast bar has black granite counters, dishwasher, and a built-in microwave. You can't beat the VERY LOW monthly common charges of $369 + a 25-yr Tax Abatement through 2034 @ $6 per month. The Kalahari condo is a full service luxury 24 hour Concierge Gold LEED Certified building that offers an amazing on-site Resident Manager, friendly helpful Staff and fantastic amenities including a complimentary fully equipped fitness center which looks out onto the landscaped courtyard, 2 roof decks, kids playroom, 2 music rooms one with a piano, party room, library/work spacea and laundry rooms on each floor, Fiber Optic smart network (FIOS), free WiFi throughout the complex, package room, cold storage, attached garage with valet parking & on-site Zip Cars. Pet friendly too! Conveniently located just a few blocks from Central Park, Mt Morris Park & Morningside Park, the 2,3,4,5,6,B & C subways, buses, great restaurants, cafes, whole foods and soon to open National Urban League head quaters which will house Trader Joe's, Target and The Civil Rights Museum . THIS MUST BE A PRIMARY RESIDENCE AND SUBLEASING IS ALLOWED AFTER 6 MONTHS OF OCCUPANCY EVERY 2 OUT OF 5 YEARS

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Important Stuff
Elevator
Full Time Doorman
Cats and Dogs allowed
Listing Amenities
Storage Available
Hardwood floors
Dishwasher
Central Air
Building Amenities
Valet
Bike Room
Concierge
Gym
Cold Storage
Package Room
Live In Super
Fios Available
Garage Parking
Green Building
Children's Playroom
Wheelchair Access
Laundry in Building
Community Recreation Facility
Outdoor Space
Courtyard
Roof Deck
History
What it'll cost
Purchase price
$649,000
Asking Price: $649,999
Term
30 Years
Down Payment
$64,000 (10%)
Min: 10% (64,000)
Rate
6.5 %
Mortgage Amount
$584,999
Mortgage Payment
$3,698
Common Charges
$390
Taxes
$6
Estimated closing cost
$22,000
Total monthly cost $4,094
Listing Courtesy of Compass

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