Endi Ulaj pays $3.1M for office in Inwood

Endi Ulaj through the entity 5073 Holdings LLC paid $3.1 million to the entity 5073 Broadway Real Estate Holding, Corp. for the office building (O2) at 5073 Broadway in Inwood, Manhattan.
The deal closed on August 20, 2025 and was recorded on August 27, 2025. The property has 13,500 square feet of built space and 7,500 square feet of additional air rights for a total buildable of 21,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $229 and the price per buildable square foot is $147 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 Huda Esmail was Huda Esmail. The contract date was May 13, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Endi Ulaj purchased two properties in one transaction for a total of $2 million and has no record it sold any properties over the past 24 months.
The seller Huda Esmail had not purchased any other properties and had not sold any properties over the same time period. The 13,500-square-foot property generated revenue of $637,470 or $47 per square foot, according to the most recent income and expense figures.

The property

The office building in Inwood has 13,500 square feet of built space and 7,500 square feet of additional air rights for a total buildable of 21,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 100 feet deep with a total lot size of 5,000 square feet. The zoning is R7D which allows for up to 4.2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $2.9 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 $380 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 Inwood, The bulk, or 43 percent of the 15 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 34 percent of the space. In sales, Inwood has had very little sales volume relative to other neighborhoods with $94.6 million in sales volume in the last two years. For development, Inwood has had very little major development activity relative to other neighborhoods.It had 459,538 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of 15 of the 31 commercial properties representing 714,687 square feet of the 1,042,349 square feet. The largest owner is Victor Gorodischer, followed by Dominick Guarna and then Azimuth Development Group.
On the tax block, there were two new building construction projects totaling 112,429 square feet. The largest is a 83-unit, 69,226 square-foot residential (R-2) building submitted by Candor Capital and filed by Charles Wurzberger with plans filed August 6, 2025 and it has not been permitted yet. The second largest is a 60-unit, 43,203 square-foot residential (R-2) building submitted by Timber Equities and filed by Michel Perle with plans filed September 8, 2021 and permitted August 28, 2024.

The majority, or 59 percent of the 1 million square feet of built space are elevator buildings, with walkup buildings next occupying 31 percent of the space.

The buyer

The PincusCo database currently indicates that Endi Ulaj owned at least four commercial properties with 55 residential units in New York City with 14,466 square feet and a city-determined market value of $2.5 million. (Market value is typically about 50% of actual value.) The portfolio has $32.2 million in debt, borrowed from Wells Fargo and NorthEast Community Bank. Within the portfolio, the bulk, or 71 percent of the 14,466 square feet of built space are industrial properties, with A1 properties next occupying 19 percent of the space. They are all located in Bronx.

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