Kalahari Harlem

40 West 116th Street, between Madison Avenue & Lenox Avenue

79

Kalahari Harlem, 40 West 116th Street has received a CityRealty Rating of 79, based on:

Rating Summary

30
Out of 44
+
20
Out of 36
+
20
Out of 39
+
9
=
79
Out of 119
 
See full ratings of this building
Kalahari Harlem - 40 West 116th Street

Nearby Subway Stations

  1. 2
    2
    • 116th Street (at Lenox Ave) (0.10 miles)
     
  2. 3
    3
    • 116th Street (at Lenox Ave) (0.10 miles)
     
  3. B
    B
    • 116th Street (at Frederick Douglass Blvd) (0.45 miles)
     
  4. 6
    6
    • 116th Street (at Lexington Ave) (0.38 miles)
     
  5. C
    C
    • 116th Street (at Frederick Douglass Blvd) (0.45 miles)
     
   

Info & Ratings - Overview

Building Summary

  • Building Type: Condominium
  • Located in Harlem
  • #5 rated condo - Upper Manhattan
$846
 
14.8
6 Mo Change
Avg. Price / Ft2 (15 sales in past 12 months)
 
$897 Avg. Price / Ft2 (Currently Available Apts)
 
  • Two Bedrooms from $885,000 to $990,000
    (2 available apts - updated July 22, 2014)
  • 2007Year Built
  • 249Apartments
  • 12Floors

Overview

This boldly decorative apartment complex at 40 West 116th Street between Fifth and Lenox Avenues is known as the Kalahari.

The mixed-use, mixed-income condominium complex extends through the block to 115th Street and consists of two 12-story high buildings, the longer of which is on 116th Street.

The building has 148 apartments in Tower A on 116th Street and 101 units in Tower B on 115th Street. The site has a large, landscaped central courtyard, a doorman and concierge service, attended parking, a roof deck, a gym, community meeting rooms, and retail space.

129 apartments are "market rate with no income or asset restrictions and 120 are "affordable" and include 14 studios, 23 one-bedrooms, 70 two-bedrooms and 13 three-bedrooms. Of the 120 affordable units, 48 will be sold to eligible purchases with household incomes not exceeding 90 percent of area median income, 42 units to purchasers with household incomes not exceeding 130 percent of area median income and 30 percent to households with incomes not exceeding 185 percent of area median income. The subsidized sale price of the affordable units range from about $125,000 to $485,000 and cash assets need for the required 5 percent down payment are expected to range from $6,250 to $24,250.

FSLM Associates LLC, of which L &M Equity Participants, Ltd., and Full Spectrum are the principals, is the developer. Ron Moelis and Sanford Carl Loewentheil are partners in L & M Equity Participants.

GF55 Partners LLP, of which David E....

Carter Horsley's Review of Kalahari Harlem, 40 West 116th Street

Features & Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Post War
  • Full Service Garage
  • Garden
  • Health Club
  • Roof Deck
  • Elevator
  • Event Room
  • Fitness Center

Pros

  • Very distinctive and bold facades
  • Roofdeck
  • Concierge
  • Doorman
  • Garage
  • Large garden
  • Fitness center
  • Meeting rooms

Cons

  • No balconies
  • Not too close to parks

Area Map

 

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Popularity Stats

Most popular condo in Manhattan among people in Zambia.
3
#3 Most viewed condo in Upper Manhattan (past 30 days).

Pricing Comparison of Similar Buildings

Kalahari Harlem 12 Month Sales Summary

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Past 12 Months
 

Kalahari Harlem - 10 year Sales History

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