12
Map
70 Main Street, Lot 2
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2026 | In contract | - | |
| In contract | |||
| Oct 22, 2026 | Listed by Gibson Sotheby's International Realty | $275,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| Oct 12, 2026 | Listed by Gibson Sotheby's International Realty | $2,699,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Once home to sea captains who harbored their ships in Duck Creek, the Captain's House is the main inn of The Copper Swan, a year-round boutique hotel overlooking the bay marsh in the heart of Wellfleet. This elegant historic manse captures the timeless spirit of Cape Cod. The first floor offers a living/sitting room, a breakfast room that doubles as an evening cocktail lounge, a screened porch, and a substantial covered deck. In all, 18 guest rooms with 16.5 bathrooms span three levels in varying configurations, including two pairs of adjoining rooms. Recent updates include 5.5 renovated baths, a newer roof, added insulation, and interior cosmetic upgrades. The newly subdivided parcel includes parking for 16 cars. A rare opportunity to own an established hospitality property with water views, room to grow, and easy access to all of Wellfleet and the Outer Cape. The neighboring Carriage House and adjacent restaurant/event space are also available for purchase.
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| Oct 4, 2026 | Price Decreased |
$695,000
↓ $405K
(36.8%) | |
| Price Decreased | |||
| Jul 11, 2026 | Listed by Lamacchia Realty, Inc. | $1,100,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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A rare Wellfleet investment opportunity offering an operating restaurant and exceptional redevelopment potential. Price reflects real estate and business for restaurant as a condominium on this lot. Home to the successful Brekkies restaurant, this landmark property includes the existing restaurant building plus the former function hall/event venue, which was lost to fire in 2023. Architectural plans have been prepared illustrating the potential reconstruction of the event space with residential units above (subject to buyer verification and approvals). Ideally located adjacent to the Copper Swan Inn and just moments from Wellfleet Harbor, downtown shops, galleries, and Cape Cod National Seashore beaches, this property offers endless possibilities for hospitality operators, investors, and developers. A truly unique chance to own and reimagine one of Wellfleet’s primary commercial destinations.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017