Bayport Funding has provided a $4.7 million acquisition and construction loan for the development of two triplex townhomes in the Upper West Side. 

Located at 76 West 105th Street in Manhattan, the six-story property spans nearly 7,000 square feet. The exterior design features an outdoor community garden and a roof deck with glass railings. Construction is expected to be completed in the latter half of 2023.  

“Manhattan is the only New York borough to experience a population increase following the pandemic, and the Upper West Side led that trend with a roughly 30% increase compared to 2019,” said Marcia Kaufman, CEO of Bayport Funding. “With that influx in population comes an increase in demand, and that’s reflected by the area’s appreciating fundamentals.”