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Hyannis, Massachusetts – April 5, 2024 – Commercial Realty Advisors is thrilled to announce the successful sale of 11 Potter Ave, Hyannis, marking a significant milestone in the local real estate market. The property, represented by real estate salesperson Richard Fenuccio, was sold on March 29, 2024, for an impressive $16,000 over the listing price, totaling $815,000.
The property, previously a vacant office building, underwent a remarkable transformation under Rick Fenuccio’s guidance. Rick not only represented the seller in the transaction but also provided comprehensive project management services. His expertise included pro forma development, design and engineering team coordination, and permitting management, ultimately re-positioning the property into a permitted 5-unit multi-unit housing use. Rick’s dedication to excellence and commitment to affordable housing have made a profound impact on the community. Throughout his career, Rick has developed over 320 units of affordable housing, significantly contributing to the betterment of countless individuals and families.
The seller, Potter Avenue Realty LLC, was represented by Attorney Stephen Manning of East Longmeadow, MA. The buyer, Copocabana Realty Investment Inc. of Hyannis, was represented by Attorney Bernard Kilroy of Kilroy & Warren, P.C., also located in Hyannis. Additionally, Attorney David Lawler provided invaluable assistance to the seller in obtaining local zoning approvals for the change of use from office to multi-family.
In response to Rick Fenuccio’s exemplary service, the seller expressed their gratitude, stating: “I really appreciate all the hard work and extra effort you and Commercial Realty Advisors put in to make Potter Avenue happen! Not only finding multiple buyers but working both the town of Barnstable and all the consultants we ended up using to close the deal. Great job!”
Commercial Realty Advisors continues to uphold its commitment to excellence in real estate brokerage, providing clients with unparalleled service and expertise. For more information on buying, selling, or leasing commercial property, please contact Commercial Realty Advisors at 508-862-9000.
- For Sale or Lease: Sold
- Property size: 4851 +/- Sq. Ft.