Fayez Faraj Purchases Single Family Home In Miami Shores For $1,651,000 With Bill Brothers As Buyer's Rep
9999 Northeast 12th Avenue
$1,651,000
$568/SF
Building Size
2,905 SF
Asset Type
Single Family Residence
Closing
Jul 7, 2026
AI
The asset involved in this transaction is a Single Family home located at 9999 Northeast 12th Avenue in the Miami Shores market. It was sold for a price of $1,651,000, encompassing a total area of 2,905 square feet, which equates to a price per square foot of $568.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,651,000
- Square Footage: 2,905
- Price Per Square Foot: $568
- Address: 9999 Northeast 12th Avenue
- Market: Miami Shores
- Buyer: Fayez Faraj
- Buyer's Representative: Bill Brothers - Cervera Real Estate
Key individuals involved in the deal include the buyer, Fayez Faraj, and the representative for the buyer, Bill Brothers, who is affiliated with Cervera Real Estate, ensuring that the deal was facilitated effectively.
Players
Miami Shores 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93