Mike Axiotakis Purchases Multifamily Asset From Bernhardt Zeisig For $1.2M In Haverhill MA
129 South Elm Street
$1,200,000
$209/SF
Building Size
5,725 SF
Asset Type
MultiFamily
Closing
May 20, 2026
AI
The property asset involved in this transaction is a multifamily residence located at 129 South Elm Street in Haverhill, MA. The sale price was $1,200,000, consisting of 5 units. The total square footage of the property is 5,725, resulting in a price per unit of $240,000 and a price per square foot of $209.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 5
- Square Footage: 5,725
- Price Per Unit: $240,000
- Price Per Square Foot: $209
- Buyer: Mike Axiotakis
- Seller: Bernhardt Zeisig
- Brokers: Spencer Norton & Stephen Girolamo - Horvath & Tremblay
Key individuals in the transaction include Mike Axiotakis, who acted as the buyer, and Bernhardt Zeisig, the seller. The brokerage team comprised Spencer Norton and Stephen Girolamo, representing the broker agency Horvath & Tremblay in facilitating this deal.
Players
Haverhill 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93