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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.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$775,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $620,000 | $620,000 | $620,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $7 | $7 | $7 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,817 | $3,915 | $5,149 |
| Total Monthly Payment | $3,916 | $4,014 | $5,248 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.