Updated Mar 11, 2025
Bayport Funding Provides $4.7M Loan For Upper West Side Townhomes
76 W 105th St New York, NY 10025, USA
$4,700,000
Building Size
—
Asset Type
Single Family Residence
Closing
May 24, 2023
About this deal
AI
The development of two triplex townhomes in Manhattan's Upper West Side received a loan of $4.7 million from Bayport Funding. Located at 76 West 105th Street, the property spans nearly 7,000 square feet and features an outdoor community garden and a roof deck with glass railings.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,700,000
- Lender: Bayport Funding - Marcia Kaufman
- Loan Type: Acquisition & Construction
Bayport Funding, represented by Marcia Kaufman, has granted a loan of $4.7 million for the development of the two triplex townhomes. The property at 76 West 105th Street offers unique features, such as the outdoor community garden and roof deck with glass railings.
On the Map
$4,700,000
Single Family Residence
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93