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129 South Elm Street

Mike Axiotakis Purchases Multifamily Asset From Bernhardt Zeisig For $1.2M In Haverhill MA
SOLDMultiFamily

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

Spencer Norton

Horvath & Tremblay

Broker

$84.2M

vol

22 deals

Broker

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