Michael Ermani Acquires Multifamily Property At 94 Upton Street In Grafton For $3.35M
94 Upton Street
$3,350,000
$176/SF
Building Size
18,978 SF
Asset Type
MultiFamily
Closing
Oct 7, 2025
AI
The property involved in this transaction is a multifamily asset located at 94 Upton Street in Grafton, MA. It was sold for a price of $3,350,000 and contains a total of 19 units. The building encompasses a square footage of 18,978, resulting in a price per unit of $176,315 and a price per square foot of $176.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Units: 19
- Square Footage: 18,978
- Price Per Unit: $176,315
- Price Per Square Foot: $176
- Buyer: Michael Ermani
- Seller: Peter Maloney
- Brokers: Ryan Quinn, John Federico & Harry Verenis - Grove Property Group
The key individuals involved in the transaction include the buyer, Michael Ermani, and the seller, Peter Maloney. The brokers representing the deal are Ryan Quinn, John Federico, and Harry Verenis from Grove Property Group, facilitating the successful closure of this transaction.
Players
Grafton 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93