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1209 26th Street

Demetrios Kaltsis AIA Sells Multifamily Property In North Bergen For $6.775 Million
SOLDMultiFamily

Demetrios Kaltsis AIA Sells Multifamily Property In North Bergen For $6.775 Million

1209 26th Street

$6,775,000

Building Size

Asset Type

MultiFamily

Closing

Jan 16, 2026

AI

The asset involved in this transaction is a multifamily property located at 1209 26th Street in the North Bergen market. The property comprises 18 units and was sold for a transaction amount of $6,775,000, resulting in a price per unit of $376,388.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,775,000
  • Address: 1209 26th Street
  • Market: North Bergen
  • Units: 18
  • Price per Unit: $376,388
  • Seller: Demetrios Kaltsis, AIA
  • Broker: Davis Briones - Kislak
  • Attorney: Mohammed H. Amin, Esq

The individuals involved in the deal include Demetrios Kaltsis, AIA, who is the seller of the property. The transaction was represented by broker Davis Briones from Kislak, with legal oversight provided by attorney Mohammed H. Amin, Esq.

Players

Davis Briones

Kislak

Broker

$44.5M

vol

6 deals

Broker

North Bergen MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.34%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93