David Weisz signs $21.3M refi with Newmark for new 44-unit mixed-use in Borough Park

David Weisz through the entity Suw 4 LLC as borrower signed a refi loan with lender Newmark through the entity Berkeley Point Capital LLC valued at $21.3 million for the newly constructed 44-unit mixed-use building at 2177 60th Street in Borough Park, Brooklyn.
The deal closed on August 18, 2025 and was recorded on August 28, 2025. The prior lender was Fulton Bank which held debt that had an original loan amount of $16 million.
The condominium units that make up the property — two commercial units for about 10,700 square feet and a rental condominium with 44 units and about 34,600 square feet — have about 45,334 square feet of built zoning space according to a PincusCo analysis of city data. The loan price per built square foot is $470 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for David Weisz was David Weisz. The signatory for Berkeley Point Capital was Ashley Gatens.

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 2177 60th Street.

The block

On the tax block of 2177 60th Street, PincusCo has identified the owners of one of the two commercial properties. The identified owner is David Weisz.
On the tax block, there were three new building construction projects totaling 72,314 square feet. The largest is a 44-unit, 45,334 square-foot residential (R-2) building submitted by David Weisz and filed by David Weisz with plans filed May 26, 2021 and permitted March 22, 2022. The second largest is a three-unit, 13,490 square-foot residential (R-2) building submitted by David Weisz with plans filed September 7, 2017 and it has not been permitted yet.

The majority, or 0 percent of the 0.0 square feet of built space are industrial buildings, with development buildings next occupying 0 percent of the space.

The borrower

The PincusCo database currently indicates that David Weisz owned at least two commercial properties with 58 residential units in New York City with 18,267 square feet and a city-determined market value of $5.1 million. (Market value is typically about 50% of actual value.) The portfolio has $16 million in debt, borrowed from Republic First Bank. Within the portfolio, the bulk, or 100 percent of the 18,267 square feet of built space are elevator properties, with development properties next occupying 0 percent of the space. They are all located in Manhattan.

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