Moses Guttman sells office in Williamsburg for $5.8M

An anonymous buyer in care of Jeffrey Zwick & Associates through the entity 481 Wythe LLC paid $5.8 million to Moses Guttman through the entity Wythe Ave Prop, LLC for the office building (O2) at 481 Wythe Avenue in Williamsburg, Brooklyn. The expected use is cash flowing.
The deal closed on December 31, 2025 and was recorded on January 2, 2026. The property has 6,350 square feet of built space and 4,607 square feet of additional air rights for a total buildable of 10,976 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $913 and the price per buildable square foot is $528 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 Moses Guttman was Moses Guttman. The contract date was September 30, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Jeffrey Zwick & Associates registered had purchased any other properties and sold one property in one transaction for a total of $5 million over the past 24 months.
The seller Moses Guttman had not purchased any other properties and sold one property in one transaction for a total of 0.0 over the same time period. The 6,350-square-foot property generated revenue of $337,753 or $53 per square foot, according to the most recent income and expense figures.

The property

The office building in Williamsburg has 6,350 square feet of built space and 4,607 square feet of additional air rights for a total buildable of 10,976 square feet according to a PincusCo analysis of city data. The parcel has frontage of 41 feet and is 132 feet deep with a total lot size of 4,517 square feet. The lot is irregular. The zoning is R6 which allows for up to 2.43 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.2 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $1,500 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Williamsburg, The bulk, or 39 percent of the 50.4 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 25 percent of the space. In sales, Williamsburg has the 6th highest sale turnover among other neighborhoods in the city with $1.9 billion in sales volume in the last two years. For development, Williamsburg is the most active neighborhood among other neighborhoods. It had 42 million square feet of commercial and multi-family construction under development in the last two years, which represents 83 percent of the neighborhood’s built space. There were four pre-foreclosure suit filed among other office buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of four of the six commercial properties representing 123,898 square feet of the 136,718 square feet. The largest owner is Sam Rubin, followed by Jacob Rubin and then Omni New York.
On the tax block, there were three new building construction projects totaling 15,027 square feet. The largest is a two-unit, 5,414 square-foot residential (R-3) building submitted by Menashe Rosenberg with plans filed August 1, 2024 and permitted February 25, 2025. The second largest is a two-unit, 4,983 square-foot residential (R-3) building submitted by Chaim Reich with plans filed October 8, 2024 and permitted February 25, 2025.

The majority, or 63 percent of the 136,718 square feet of built space are elevator buildings, with walkup buildings next occupying 27 percent of the space.

The seller

The PincusCo database currently indicates that Moses Guttman owned at least 13 commercial properties with 71 residential units in New York City with 58,376 square feet and a city-determined market value of $16.6 million. (Market value is typically about 50% of actual value.) The portfolio has $5.5 million in debt, borrowed from Piermont Bank. Within the portfolio, the bulk, or 58 percent of the 58,376 square feet of built space are walkup properties, with C0 properties next occupying 15 percent of the space. They are all located in Brooklyn.

The buyer

The PincusCo database currently indicates that Jeffrey Zwick & Associates Registered owned at least three commercial properties in New York City with 124,863 square feet and a city-determined market value of $14.5 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 100 percent of the 124,863 square feet of built space are hotel properties, with development properties next occupying 0 percent of the space. The bulk, or 64 percent of the built space, is in Queens, with Brooklyn next at 36 percent of the space.

Direct link to Acris document. link