Nicholas Zolotas Of Herrick Lutts Realty Partners Represents Buyer In Multifamily Sale In Wakefield For $8.4M

A multifamily property located at 39 Richardson Avenue in Wakefield, MA has been sold. The transaction was completed for a sale price of $8,400,000. The asset comprises 38 units, totaling 30,984 square feet, and has a price per unit of $221,052, which translates to a price per square foot of $271.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,400,000
• Units: 38
• Square Footage: 30,984
• Price Per Unit: $221,052
• Price Per Square Foot: $271
• Buyer’s Representative: Nicholas Zolotas - Herrick Lutts Realty Partners
• Date of Transaction: 12/16/2025

The deal was facilitated by Nicholas Zolotas, who represented the buyer in the transaction through Herrick Lutts Realty Partners. The closing of this sale signals an active interest in multifamily assets within the Wakefield market.