Lisa McConagly Purchases Student Housing In Jersey City From Elizabeth Walsh For $5.2M
1 Romar Avenue
$5,200,000
$208/SF
Building Size
25,000 SF
Asset Type
Student Housing
Closing
Dec 21, 2025
AI
The property asset involved in this transaction is located at 1 Romar Avenue in Jersey City. This student housing asset has a total square footage of 25,000 and was sold for a price of $5,200,000, translating to a price per square foot of $208.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $5,200,000
- Address: 1 Romar Avenue
- Market: Jersey City
- Square Footage: 25,000
- Price per Square Foot: $208
- Buyer: Lisa McConagly
- Seller: Elizabeth Walsh
- Broker: Lana Falcicchio - Boutique Realty
The deal features Lisa McConagly as the buyer and Elizabeth Walsh as the seller, with Lana Falcicchio from Boutique Realty representing the transaction. The involvement of these parties indicates a direct exchange between the buyer and seller facilitated by the brokerage representing them.
Players
Jersey City Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93