Harlem Children’s Zone pays $17.8M to LMXD for commercial condo in Harlem

Harlem Children’s Zone through the entity 2035 Fifth Acquisition, LLC paid $17.8 million to LMXD through the entity 2033 National Black Theatre Way LLC for the commercial condominium unit at 2035 Fifth Avenue in Harlem, Manhattan. The expected use is owner-occupied.
The deal closed on February 11, 2026 and was recorded on February 19, 2026.
The signatory for LMXD was David Dishy . The signatory for Harlem Children’s Zone was Kwame Owusu-Kesse . The contract date was October 27, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Harlem Children’s Zone purchased two properties in one transaction for a total of $8.9 million and has no record it sold any properties over the past 24 months.
The seller LMXD purchased five properties in two transactions for a total of $160 million and had not sold any properties over the same time period.

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 not received any significant violations 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 block

On this tax block, PincusCo has identified the owners of 15 of the 29 commercial properties representing 124,990 square feet of the 312,345 square feet. The largest owner is Go-Re Partners, followed by Dasha Zhukova and then Elysee Investment Company.
On the tax block, there were two new building construction projects totaling 235,709 square feet. The largest is a 222-unit, 203,519 square-foot residential (R-2) building submitted by L+M Development Partners and filed by Lisa Gomez with plans filed June 22, 2021 and permitted April 26, 2022. The second largest is a 32-unit, 32,190 square-foot residential (R-2) building submitted by Neighborhood Restore and filed by Salvatore D’Avola with plans filed October 23, 2025 and it has not been permitted yet.

The majority, or 30 percent of the 312,345 square feet of built space are specialty buildings, with walkup buildings next occupying 27 percent of the space.

The seller

The PincusCo database currently indicates that Lmxd owned at least four commercial properties in New York City with 10,000 square feet and a city-determined market value of $4.9 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 60 percent of the 10,000 square feet of built space are industrial properties, with mixed-use properties next occupying 40 percent of the space. They are all located in Queens.

The buyer

The PincusCo database currently indicates that Harlem Children’S Zone owned at least one commercial property in New York City with 0.0 square feet and a city-determined market value of $12.4 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single V1 property.

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