List Search

40-46 W 116th St
New York, NY 10026 Central Harlem

$21,500,000 USD

Apartments Condo For Sale  •  22,600 SF

Property Details

  • Property Type Apartments
  • Total Building Size 364,007 SF
  • Lot Size 0.33 AC
  • Building Class B
  • Year Built 2008
  • Zoning C4-5X
100 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 1 Retail 22,600 SF $21,500,000 USD
  • Unit Size: 22,600 SF
  • Condo Use: Retail
  • Price: $21,500,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $951.33 USD
Description
Commercial Condo -Purchase the entire unit or it can be subdivided into 2 or 3 commercial condo's; theater, restaurant, and office/event space with outdoor courtyard space.
Purchase the entire space for $19,500,000 or a condo unit for $6,500,000 for each separate unit @ approximately 7,500 sqft per unit.
It has a 25 year tax abatement wirh 8.5 years remaining.

Sale Notes
Commercial Condo for Sale
     MIST THEATER ARTS AND ENTERTAINMENT MECCA
Located in Harlem's 116th St Retail District 
Unique State of the Art Multi Media Center
                       It is a Theater
MIST Studio features 4K Ultra High Definition projection and screening, broadcasting, and audio visual production, seating, lighting, stage, and curtains.

It is a Restaurant that can also be used as a 
                        Culinary School.
This vented restaurant has a fully equipped kitchen and bar.  Beer and wine license can be obtained.
  
It Is an Office/Retail and Event Space with a 2,500 sqft Courtyard

A great place for a business, not for profit, arts center, or retail store. 

This entire commercial space consists of 20,000 sqft of retail, 2,000 sqft of mezzanine/office, 150 sqft frontage, and 2,500 sqft outdoor space.

This space can be re-configured to meet your needs.  It can be subdivided into three commercial condominiums @ 7,500 sqft per unit with each having its own separate entrance.

It is sound proof and has 20 FT ceilings.

Let's discuss the possibilities.  Schedule an ppointment today!

Description 

The Kalahari Condominiums are a Gold LEED Certified green building with very low energy costs that are extended to the building residents. The building also features a 24/7 doorman, package room, cold storage, bike storage, laundry on every floor, a parking garage, complimentary High Speed WiFi in all Public Areas, Optic Cable & Internet Wiring in All Homes, 2 sound-proofed music practice rooms, a party/meeting room, live-in Resident Manager, State of the art fitness center, Library, children’s play room, 2 roof decks and a beautiful landscaped courtyard with community herb garden.
It is near the 2, 3, 6, B, and C subway stations as well as Central Park, Marcus Garvey Park,  The building has a 25-year Tax Abatement.
Video 46 West 116th St
https://vimeo.com/919726761?share=copy

Highlights

Turnkey Complete Buildout. Unique property

Property Flyers

Financial Summary

Total Expenses: $0 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Property Manager on Site
  • Security System
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125Th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min 15 min 0.8 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 6 min - 2.6 mi
Transit/SubwayDriveWalkDistance
116 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 2 min 0.1 mi
Central Park North (110 Street) (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
116 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
116 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
110 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 12 min 0.6 mi
AirportDriveWalkDistance
Laguardia 15 min - 6.9 mi
John F Kennedy International 28 min - 18.1 mi
Newark Liberty International 31 min - 18.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Elaine Perry 917-841-3230 Perry Associates NYC Inc.
Elaine Perry 917-841-3230 Perry Associates NYC Inc.