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:
- Property Type: Co-Op
- Transaction Amount: $18,800,000
- Buyer: Harvey C. Jones
- Seller: Richard Duke Buchan III & Hannah Buchan
- Brokers: Alexa Lambert, Marc Achilles & Georgeana Leontiou - Compass
- Date of Transaction: 01/14/2026
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
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