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94 Upton Street

Michael Ermani Acquires Multifamily Property At 94 Upton Street In Grafton For $3.35M
SOLDMultiFamily

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

Harry Verenis

Grove Property Group

Broker

$29.6M

vol

11 deals

Broker
Grove Property Group
Grove Property GroupBrokerage

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