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524 Route 6a

Borsari Gallery Group Sells Mixed-use Asset In Dennis MA For $2.45M With George And Mara Vasvatekis As Representatives
SOLDMixed-use

Borsari Gallery Group Sells Mixed-use Asset In Dennis MA For $2.45M With George And Mara Vasvatekis As Representatives

524 Route 6a

$2,450,000

$300/SF

Building Size

8,165 SF

Asset Type

Mixed-use

Closing

Apr 2, 2026

AI

The property at 524 Route 6A in Dennis, MA, is a mixed-use asset that sold for $2,450,000. This property covers a total square footage of 8,165, resulting in a price per square foot of $300. Originally built in the early 1800s by Sea Captain Uriah Howe, the structure has undergone a meticulous restoration, returning it to its original New England character and transforming it into an intimate private event venue, art gallery, and residence.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,450,000
  • Address: 524 Route 6A
  • Market: Dennis, MA
  • Seller: Borsari Gallery Group
  • Seller's Representative: George N. Vasvatekis & Mara E. Vasvatekis - Coldwell Banker
  • Square Footage: 8,165
  • Price per Square Foot: $300

This transaction marks a historically significant event in the career of George and Mara Vasvatekis, representing a rare transfer of a commercial asset along Route 6A in Dennis Village on Cape Cod. The sellers, Borsari Gallery Group, worked closely with the representatives to facilitate the sale of this unique property.

Players

George N. Vasvatekis
Verified Badge

George N. Vasvatekis

Coldwell Banker

Broker

$11.9M

vol

5 deals

Broker

Dennis Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93