Joseph Sitt Of Thor Equities Acquires Land In Miami From Max Beltrame For $6.81M
80 Northwest 26th Street
$6,806,250
Building Size
—
Asset Type
Land
Closing
Oct 22, 2026
About this deal
AI
The property asset involved in the transaction is a land parcel located at 80 Northwest 26th Street in Miami, consisting of three Wynwood land parcels with a total area of 15,600 square feet. The sale price for the property was $6,806,250, and the transaction was completed on October 22, 2026.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $6,806,250
- Buyer: Joseph Sitt - Thor Equities
- Seller: Max Beltrame - Bel Invest
- Address: 80 Northwest 26th Street, Miami
- Market: Miami
- Size: 15,600 SF
Joseph Sitt represents Thor Equities in this transaction, while Max Beltrame represents Bel Invest. Bel Invest acquired the properties between 2015 and 2017 for approximately $4.05 million.
On the Map
$6,806,250
Land
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Players
MIAMI Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93