A property featuring a three-story, mixed-use building in Worcester has sold for $1.2 million to a Quincy-based landlord.The property at 340 Hamilton St., featuring first-floor retail space with four apartment units above, sold in a deal finalized on Friday, according to Worcester District Registry of Deeds records. The first-floor retail site is the home of Paintedhair Studio hair salon, according to a Google Maps listings. The property was purchased by an entity managed by Yvon Jean-Jacques, a Quincy-based landlord who offloaded a Kelley Square mixed-use building earlier in December. Jean-Jacques purchased it from Michael Ermani, a prominent Central Massachusetts property developer, whose recent acquisitions include apartments in Grafton, on Mill Street in Worcester and in Worcester’s Main South neighborhood.Worcester property developer Michael Ermani. PHOTO COURTESY OF MICHAEL ERMANIErmani had purchased the site for $400,000 in 2019, according to City of Worcester property records.Jimmy Kalogeropoulos of RE/MAX Partners in Worcester served as the broker for this transaction. He wrote in a Facebook post the property had been updated with new flooring, fresh paint, and other improvements under Ermani’s ownership. The three-story building at the site was constructed in 1930, according to municipal property records.The property received a 2026 tax assessment value of $628,400.Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
