George N. Vasvatekis & Mara E. Vasvatekis Acquire Historic Office In Yarmouth Port For $700,000
477 Main Street
$700,000
$79/SF
Building Size
8,772 SF
Asset Type
Office
Closing
Apr 9, 2026
AI
The property involved in this transaction is an office asset located at 477 Main Street in Yarmouth Port, MA. The sale price for this asset was $700,000, with a total of 16 units. The square footage of the property is 8,772, resulting in a price per unit of $43,750 and a price per square foot of $79.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $700,000
- Units: 16
- Square Footage: 8,772
- Price Per Unit: $43,750
- Price Per Square Foot: $79
- Market: Yarmouth Port, MA
- Buyer's Representative: George N. Vasvatekis & Mara E. Vasvatekis - Coldwell Banker
George N. Vasvatekis and Mara E. Vasvatekis represented the buyer in this transaction. They announced the sale of the historic "Hedge House," which is recognized for its architectural significance and has had various uses throughout its history. They expressed their pride in facilitating the acquisition of this historically significant asset and noted plans to offer a limited collection of office suites for lease in the future.
Players
Dennis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93