The property involved in the transaction is a multifamily asset located at 379 Douglas Pike in Smithfield, RI. The sale was completed for $4,135,000, covering a total of 34,200 square feet. The property consists of 37 units, with a price per unit of $111,756 and a price per square foot of $120.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,135,000
• Units: 37
• Square Footage: 34,200
• Price Per Unit: $111,756
• Price Per Square Foot: $120
• Buyer: Zach Gray & Andrew Freed
• Seller: Edward Murphy
• Brokers: Harry Verenis & Joe Vecchione - Grove Property Group
• Date of Transaction: 12/23/2025

The deal was facilitated by brokers Harry Verenis and Joe Vecchione from Grove Property Group, who represented the transaction. The buyers, Zach Gray and Andrew Freed, acquired the multifamily property from seller Edward Murphy, completing the transaction on December 23, 2025.