Foran Realty Commercial Division Brokers Sale of the "By The Sea Guesthouse" for over $2.7 Million on Cape Cod, MA.
The “By The Sea Guest House” located in Dennisport, MA was sold on Friday January 31st 2020 by Foran Realty's Commercial Division. The Inn was operated by the Kossifos family for over 50 years on Cape Cod. The Inn was continuously recognized in the hospitality industry as being a Five Star lodging facility by TripAdvisor. Efthalia Kossifos began the business in 1964 and the tradition was carried on by Helen her late daughter and Constantine (Dino) her son.
The transaction was brokered by the Commercial Division of Foran Realty. Chris Manning represented the Kossifos family, the buyer Leon Narbonne was represented by Peter Muniz.
The sale price according to Barnstable Registry of Deeds was over $2.7 million dollars. The buyer plans to operate the Inn in the same fashion with future upgrades and improvements.
For more information, please contact Patrick Foran at 508-385-1355
Foran Realty Commercial Division specializes in buying and selling Commercial Real Estate on Cape Cod.