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

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SOLD
$1,200,000

Massachusetts

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MultiFamily5,725 SF
Sold 05/21/2026
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Property Image
SOLD

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

129 South Elm Street

See Similar Deals
MultiFamily5,725 SF
Sold 05/21/2026
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$209
Total Square Footage:5,725 SF
Transaction Type:Sale

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
19 deals$78.4M volume
BROKER

Stephen Girolamo
Horvath & Tremblay
98 deals$324.9M volume(781) 776-4014
BROKER

Details

SOLD
IMAGE: Spencer Norton & Stephen Girolamo DATE: 5/21/2026 ADDRESS: 129 South Elm Street MARKET: Haverhill, MA ASSET TYPE: Multifamily BUYER: Mike Axiotakis SELLER: Bernhardt Zeisig BROKERS: Spencer Norton & Stephen Girolamo (@Steveo3215) - Horvath & Tremblay SALE PRICE: $1,200,000 UNITS: 5 ~ PPU: $240,000 SF: 5,725 ~ PPSF: $209

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35