The Ferraris were found in a Worcester warehouse after police searched the site July 19.
The cars were reported stolen July 13 from a garage in Oyster Bay, New York.
One of the cars had a hidden tracker that put the car at the location of the warehouse.
The estimated value for both cars is $625,000.
Police say the investigation into the stolen Ferraris is continuing and no arrests have been made.
Police wrote in the search warrant affidavit that fraudulently purchased appliances had been tracked to the warehouse earlier this year.