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1030 5th Avenue

Harvey C. Jones Acquires Co-Op At 1030 5th Avenue From Richard Duke Buchan III And Hannah Buchan For $18.8M
SOLDCo-Op

Harvey C. Jones Acquires Co-Op At 1030 5th Avenue From Richard Duke Buchan III And Hannah Buchan For $18.8M

1030 5th Avenue

$18,800,000

Building Size

Asset Type

Co-Op

Closing

Jan 14, 2026

AI

The property involved in this transaction is a co-op located at 1030 5th Avenue in the Upper East Side. It sold for $18,800,000, representing a significant increase from its previous purchase price of $8.9 million in 2010.

Summary of transaction details:

Richard Duke Buchan III, a prominent GOP fundraiser and current U.S. ambassador to Morocco, was involved in the sale of this property, bringing significant visibility to the transaction. The brokerage team representing the sellers consisted of three professionals from Compass, indicating a collaborative approach to the sale.

Players

Alexa Lambert

Compass

Broker

$260.4M

vol

9 deals

Broker

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

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93