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

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SOLD
$6,775,000

New Jersey

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SOLD

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

1209 26th Street

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MultiFamily
Sold
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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
Davis Briones
6 deals$44.5M volume
BROKER

Details

SOLD
IMAGE: Davis Briones, Demetrios Kaltsis, AIA & Mohammed H. Amin, Esq DATE: 01/16/2026 ADDRESS: 1209 26th Street MARKET: North Bergen ASSET TYPE: Multifamily SELLER: Demetrios Kaltsis, AIA BROKER: Davis Briones (@DavisBriones.cre) - Kislak (@KislakCompany) ATTORNEY: Mohammed H. Amin, Esq SALE PRICE: $6,775,000 UNITS: 18 ~ PPU: $376,388

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,070.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,116.96
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