Gustavo Tome Purchases 6000 Square Foot Co-Op At 1010 5th Avenue For $14 Million
1010 5th Avenue
$14,000,000
$2,333/SF
Building Size
6,000 SF
Asset Type
Co-Op
Closing
Sep 11, 2025
About this deal
AI
The co-op located at 1010 5th Avenue, situated in the Upper East Side market, encompasses 6,000 square feet and is noted for its sales price of $14,000,000, translating to a price per square foot of $2,333. This property was acquired through a cash transaction.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $14,000,000
- Buyer: Gustavo Tome
- Seller: Estate of Christopher Clark
- Broker: Sheila Ellis - Sotheby's International Realty
- Market: Upper East Side
- Square Footage: 6,000
- Price per Square Foot: $2,333
Gustavo Tome, a Mexican developer and private equity investor, completed the purchase from the estate of Christopher Clark. The transaction reflects Tome's investment interests within the real estate market.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93