Lisa Gomez Of L&M Development Partners Acquires Condo From Michael And Sade Lythcott For $8.3M
2035 5th Avenue
$8,306,004
$334/SF
Building Size
24,836 SF
Asset Type
Condo
Closing
Sep 2, 2026
About this deal
AI
A 24,836-square-foot condo unit located at 2035 5th Avenue in East Harlem was sold for $8,306,004. The property is positioned in the Manhattan market and was transacted at a price per square foot of $334, with the closing date recorded as September 2, 2026.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $8,306,004
- Square Footage: 24,836
- Address: 2035 5th Avenue
- Market: East Harlem, Manhattan
- Price Per Square Foot: $334
- Buyer: Lisa Gomez - L+M Development Partners
- Seller: Michael Lythcott & Sade Lythcott - National Black Theatre
Representing the buyer, Lisa Gomez is affiliated with L+M Development Partners. The seller entity, National Black Theatre, engaged Michael Lythcott and Sade Lythcott in this transaction, reflecting their involvement in the deal.
On the Map
$8,306,004
$334/SF
Condo
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93