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
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