The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,399,000
40 W 116th Unit Pha St Ph 1208
Manhattan, NY, 10026
View more Manhattan, NY property pages3Beds
2Baths
1,496Sqft
$935$/sqft
Market Insights
Below nearby median-19%
$935/sqft vs a nearby median of $1155/sqft.
Nearby median$1155/sqft
Nearby properties8
Property size1,496 sqft
- -19% versus the nearby median price per square foot.
- 12 price records are available for this property.
- 1,496 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.77M$1.61M – $1.93M · 50% confidence
vs ask $1.40M−$372k (−26.6%)
Asking price is about 26.6% below the fair value — likely to draw competing offers if it's still on market.
$1,155/sqft median across 7 tight comps × 1,496 sqft= $1.73M
- Transit access+$69k +4.0%
- Days-on-market gravity−$52k −3.0%
- Modern construction+$26k +1.5%
Cumulative NYC adjustments+$43k+2.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Recorded price cuts can create room for negotiation, but the latest ask still needs to be compared against true comps.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 427 days
- Last price change
- Up $74,000 (5.6%)
- Listed
- Mar 11, 2025
- Photos
- 29 photos
- Property type
- condos
- Status
- for sale
Photos
Building Facts
- Year built
- 2006
- Stories
- 12
- Total units
- 319
- Residential units
- 249
- Building area
- 8.36 ac
- Lot size
- 1.24 ac
- Land use
- Mixed residential and commercial buildings
- Building class
- RM
From NYC public records where available.
Price History
May 13, 2026diff
$1,399,000for sale
May 13, 2026diff
$1,325,000for sale
May 12, 2026diff
$1,399,000for sale
May 12, 2026diff
$1,325,000for sale
May 12, 2026diff
$1,399,000for sale
May 12, 2026diff
$1,325,000for sale
May 11, 2026diff
$1,399,000for sale
May 11, 2026diff
$1,325,000for sale