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
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