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.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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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