Updated Oct 7, 2026
Sesta Sells Land In Jersey City, NJ For $1,500,000 With Broker Allen Walton
1-5 Mlk Drive
$1,500,000
Lot Size
9,500 SF
Asset Type
Land
Closing
Aug 21, 2022
About this deal
AI
The asset involved in this transaction is a plot of land located at 1-5 Mlk Drive in Jersey City, NJ. The property was sold for a total price of $1,500,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,500,000.00
- Seller: Sesta
- Brokers: Allen Walton - Keller Williams Realty
Allen Walton from Keller Williams Realty represented the seller, Sesta, in this transaction, facilitating the sale of the land asset.
The land sale at 1-5 Mlk Drive in Jersey City, New Jersey sold for $1.5M in 2022. 1-5 Mlk Drive is classified as Land on Traded. Allen Walton, Sesta, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Jersey City, New Jersey file for the 1-5 Mlk Drive land sold: pricing, party profiles, and other closed land comps from the same Jersey City sit in the Market section below. Filter that Jersey City land set by closing date to see what else sold near 1-5 Mlk Drive around 2022. Published consideration for 1-5 Mlk Drive is $1.5M, dated 2022. Cite this Sesta Sells Land In Jersey City, NJ For $1,500,000 With Broker Allen Walton sale when underwriting similar land product around Jersey City, New Jersey.
On the Map
$1,500,000
Land
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Players
Jersey City 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93