Peter Copelas Sells Multifamily Property On Rawlins Street In Salem MA For $2.425M

The property asset involved in this transaction consists of multifamily units located at 3 Rawlins Street and 7 Rawlins Street in Salem, MA. The transaction was completed for a sale price of $2,425,000, encompassing a total of 10 units. The combined square footage of the properties is 7,732, resulting in a price per unit of $242,500 and a price per square foot of $313.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,425,000
• Units: 10
• Square Feet: 7,732
• Price Per Unit: $242,500
• Price Per Square Foot: $313
• Seller: Peter Copelas
• Broker: Nicholas Zolotas - Herrick Lutts Realty Partners
• Date of Sale: 10/18/2024
• Address: 3 Rawlins Street & 7 Rawlins Street
• Market: Salem, MA

The key individuals involved in this transaction include the seller Peter Copelas and the broker Nicholas Zolotas, who represents Herrick Lutts Realty Partners in the deal. Their roles were crucial in facilitating the sale of the multifamily properties.