306 West 116th Street #1B, New York City, NY 10026
Listing Courtesy of Compass
$675,000
Potential Rebate: $10,125
Overview
Welcome to 306 West 116th Street, Unit 1B an exquisite one-bedroom condo with an oversized private back yard nestled in the heart of Harlem. A truly special and rare find, this apartment comes with an outdoor space larger than the actual apartment.
Boasting 527 square feet of thoughtfully designed space, this apartment offers a harmonious blend of modern convenience and urban charm. As you step into this stylish residence, you'll be greeted by an open and airy living area that seamlessly integrates living, dining and outdoor spaces, perfect for relaxing and entertaining guests.
Inside the apartment features a well-appointed kitchen with top-of-the-line appliances and sleek finishes, providing everything you need to enjoy culinary adventures at home. The bedroom offers a tranquil retreat with custom closets and ample space for rest and relaxation. The unit is complemented by HVAC heating and cooling units in each room, ensuring comfort year-round.
Backyard Features:
700 square foot private patio and yard providing unmatched openness and tranquility.
Newly landscaped with modern aesthetics and low-maintenance design.
Smart automatic irrigation system conserves water and keeps your garden lush with just a few minutes of watering each day.
Outdoor space perfect for relaxing, entertaining, or hosting unforgettable barbecue parties with family and friends and an ideal haven for pet owners and garden enthusiasts.
The Morningside's amenities are designed to enhance your lifestyle. Enjoy the convenience of a remote doorman service and the security of a video intercom system. Stay active in the on-site gym or take advantage of the common roof deck which are accessible 24 hours a day. There is also a bike room for easy storage. Each apartment has its own washer/dryer.
Additionally, private storage is included, ensuring you have ample space for your belongings. The Morningside is mere blocks from Morningside Park and Central Park. Enjoy effortless access to the B/C subway, M7 and M116 buses, the newly opened Lincoln Market, and the vibrant culinary scene along Frederick Douglass Boulevard’s restaurant row.
Don't miss your chance to own this fantastic condo in a prime Manhattan location. Schedule your viewing today and experience the best of urban living!
Tax abatement in place until 2030.
Home Features
- •Central Air
- •Wall Unit(s)
- •Wall Furnace
- •Building Washer Dryer Install Allowed
- •Common On Floor
- •Common Area
- •In Unit
- •Private Outdoor Space Over 60 Sqft
Estimated Monthly Payment
$4,213 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$10,125
Monthly savings impact
$28/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20050526
Price Analysis
Compare average listing prices and value metrics for 306 West 116th Street against the surrounding Harlem market.
Average List Price
Price Per SqFt
64.41% Higher
than the Harlem price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Harlem.
Harlem
Overview of Harlem
Harlem is globally renowned as a center of Black culture, creativity, and resilience. Stretching across central Upper Manhattan, it is a vast and diverse area that encompasses several sub-neighborhoods. For those exploring Harlem Manhattan real estate, the neighborhood offers a powerful sense of place and history found nowhere else.
Living in Harlem, Manhattan is to live in a community with a heartbeat. From the jazz clubs of 125th Street to the quiet rows of Strivers' Row, it is vibrant and undergoing a massive renaissance. As a quintessential Manhattan NYC neighborhood, it combines beautiful brownstone architecture with a modern culinary and retail boom.
Real Estate & Housing Market
The market for homes for sale in Harlem is incredibly varied. You can find meticulously restored historic brownstones selling for millions, right alongside new construction luxury condos and affordable HDFC co-ops. The housing stock is some of the most beautiful in the city, characterized by wide boulevards and distinctive architecture.
Investment remains strong as new retail and office developments on 125th Street continue to reshape the economy. The area attracts a diverse mix of long-time residents, young professionals, and families seeking more space than they can afford in the Lower West Side.
Lifestyle & Community
The lifestyle in Harlem is soulful and social. The dining scene is legendary, from Sylvia's and Red Rooster to new trendy cafes. Cultural amenities are unmatched, with the Apollo Theater, the Studio Museum, and the Schomburg Center all within a few blocks.
Community pride is fierce. Block associations are active, and neighbors look out for one another. The stoop culture—sitting outside and chatting—is still very much alive here, making it feel warmer than the more anonymous downtown districts.
Transportation & Accessibility
Harlem is one of the best-connected neighborhoods in NYC. It is served by multiple express lines (2/3 on the west, 4/5 on the east, A/D in the middle). The 125th Street corridor is a major transit artery for buses and Metro-North, offering easy access to Westchester and Connecticut.
Getting downtown is fast—often 15-20 minutes to Midtown. The wide streets also make biking and driving relatively easier than in congested lower Manhattan.
Parks, Schools & Amenities
Residents are flanked by green space: Morningside Park to the west, Marcus Garvey Park in the center, and Central Park to the south. These parks are vital community hubs hosting jazz festivals, plays, and sports leagues.
Amenities have surged with the arrival of Whole Foods, Trader Joe's, and major retail chains on 125th Street. It offers a suburban-level convenience within an urban setting.
Who This Neighborhood Is Best For
Harlem is best for culture seekers, families wanting brownstone living, and professionals who want express commutes. It is for anyone who wants to live in a neighborhood with a distinct, powerful identity.
