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78 Amity Street

George McCormick Acquires Condo In Brooklyn From Jay Ateibo For $2.3M
SOLDCondo

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

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.

Players

Jules Garcia
Verified Badge

Jules Garcia

Waterview At CB Warburg

Broker

$23M

vol

6 deals

Broker

Brooklyn Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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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