George McCormick Acquires Condo In Brooklyn From Jay Ateibo For $2.3M
78 Amity Street
$2,300,000
$1,758/SF
Building Size
1,308 SF
Asset Type
Condo
Closing
Jun 9, 2026
About this deal
AI
The property involved in this transaction is a condo located at 78 Amity Street in Brooklyn. This condo has a sale price of $2,300,000, encompasses an area of 1,308 square feet, and has a price per square foot of $1,758.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,300,000
- Address: 78 Amity Street
- Market: Brooklyn
- Square Footage: 1,308
- Price Per Square Foot: $1,758
- Buyer: George McCormick
- Seller: Jay Ateibo
- Seller's Representatives: Jules Garcia, Nikita Idiri & William Yau - Waterview Advisory Group At Coldwell Banker Warburg
The Waterview Advisory Group, led by Jules Garcia, is recognized as one of the top-performing real estate professionals in the U.S., ranking in the top 1.5% and top 2% globally within Coldwell Banker. This sale marks the fourth transaction at Cobble Hill House for the team, highlighting their strong presence in the Cobble Hill, Brooklyn Heights, and DUMBO markets. Jules Garcia is identified as the Deal MVP.
On the Map
$2,300,000
$1,758/SF
Condo
View full map
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
About $1.8K per square foot on a published $2.3M for 1,308 square feet (2026).
Visit Jules Garcia to view all their deals.
Browse Brooklyn condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93