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Andrew Haddad Of Northeast Development & Investment Represents Buyer In $5.8M Gloucester SFR Sale

Property Image
SOLD
$5,800,000
Andrew Haddad
Valerie Post

Massachusetts

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Single Family Residence10,400 SF
Sold 06/26/2025
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Property Image
SOLD

Andrew Haddad Of Northeast Development & Investment Represents Buyer In $5.8M Gloucester SFR Sale

9 Drumhack Road

See Similar Deals
Single Family Residence10,400 SF
Sold 06/26/2025
Andrew Haddad
Valerie Post
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$557
Total Square Footage:10,400 SF
Transaction Type:Sale

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.

Players

Andrew Haddad
Andrew Haddad
15 deals$33M volume
BROKER
Valerie Post
Engel & Völkers
Valerie Post
1 deal$5.8M volume(617) 908-4000
BROKER
NI
Northeast Development & Investment
BROKERAGE

Details

SOLD
IMAGE: Andrew Haddad DATE: 6/27/2025 ADDRESS: 9 Drumhack Road MARKET: Gloucester, MA ASSET TYPE: SFR BUYER'S REP: Andrew Haddad (@Haddady1) - Northeast Development & Investment SELLER'S REP: Valerie Post - Engel & Volkers (@EngelVoelkers.Global) SALE PRICE: $5,800,000 SF: 10,400 ~ PPSF: $557

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51