Updated Jul 1, 2025
Andrew Haddad Of Northeast Development & Investment Represents Buyer In $5.8M Gloucester SFR Sale
9 Drumhack Road
$5,800,000
$557/SF
Building Size
10,400 SF
Asset Type
Single Family Residence
Closing
Jun 26, 2025
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 9 Drumhack Road in Gloucester, MA. The sale was completed for a total price of $5,800,000, representing a price per square foot of $557. The total square footage of the property is 10,400 square feet.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,800,000
- Address: 9 Drumhack Road
- Market: Gloucester, MA
- Square Footage: 10,400
- Price per Square Foot: $557
- Buyer's Representative: Andrew Haddad - Northeast Development & Investment
- Seller's Representative: Valerie Post - Engel & Volkers
Andrew Haddad represented the buyer in this transaction, while Valerie Post served as the seller's representative, facilitating the deal's completion and ensuring all contractual obligations were met.
On the Map
$5,800,000
$557/SF
Single Family Residence
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Players
Gloucester Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93