The Pulse NOLA: Monday restaurant property sells in Mid-City

A weekly update on the commercial real estate landscape of New Orleans.

Commercial Sales Recorded Last Week

821 Washington Ave, New Orleans, LA 70130
821 Washington Ave, New Orleans, LA 70130

Type: Multifamily
Price: $6,225,000 ($194,531 / Unit)
Buyer: Housing Authority of New Orleans
Elifin’s Notes: Housing Authority of New Orleans purchases a 32-unit multifamily complex.

318 N Alexander St, 4327 Bienville St, New Orleans, LA 70119
318 N Alexander St, 4327 Bienville St, New Orleans, LA 70119

Type: Retail
Price: $3,700,000 ($389.27 / SF)
Buyer: MONDAYS BIENVILLE PROPERTY LLC
Elifin’s Notes: A corner property featuring Monday Restaurant + Bar sells at North Alexander Street and Bienville Avenue.

4110 General De Gaulle Dr, New Orleans, LA 70131
4110 General De Gaulle Dr, New Orleans, LA 70131

Type: Retail
Price: $2,780,000 ($196.41 / SF)
Buyer: WG GENERAL DEGAULLE LLC
Elifin’s Notes: Hamdan Sons Investments purchases a Walgreens in Algiers.

4000-4002 Georgetown Dr; 4029, 4041, 4045 Albert St, Metairie, LA 70001
4000-4002 Georgetown Dr; 4029, 4041, 4045 Albert St, Metairie, LA 70001

Type: Multifamily
Price: $1,183,500 ($147,938 / Unit)
Buyer: GABRIE, AFIF S D
Elifin’s Notes: A set of four duplexes, totaling 8-units, sell on Georgetown Drive and Alberta Street.

957, 961 E Monterey Ct, Gretna, LA 70056
957, 961 E Monterey Ct, Gretna, LA 70056

Type: Multifamily
Price: $674,000 ($84,250 / Unit)
Buyer: Green Light Investments LLC
Elifin’s Notes: A pair of quadraplexes, totaling 8-units, sell in Gretna.

706 Phosphor Ave, Metairie, LA 70005
706 Phosphor Ave, Metairie, LA 70005

Type: Retail
Price: $625,000 ($145.35 / SF)
Buyer: MGI HOLDINGS LLC
Elifin’s Notes: MGI Holdings LLC acquires a multi-tenant retail property on Phosphor Avenue.

7731 Airline Dr, Metairie, LA 70003
7731 Airline Dr, Metairie, LA 70003

Type: Retail
Price: $520,000 ($241.19 / SF)
Buyer: KMHSHELL LLC
Elifin’s Notes: A service station at the intersection of Airline Highway and North Lester Avenue sells to KMHSHELL LLC.

805 Hickory Ave, New Orleans, LA 70123
805 Hickory Ave, New Orleans, LA 70123

Type: Industrial
Price: $435,000 ($134.67 / SF)
Buyer: INVENT HORIZONS LLC
Elifin’s Notes: An industrial flex property sells on Hickory Avenue.

714 4th St, Gretna, LA 70053
714 4th St, Gretna, LA 70053

Type: Office
Price: $397,500 ($152.18 / SF)
Buyer: SUAREZ CRISTINA A
Elifin’s Notes: A commercial live/work property sells in Old Gretna.

2725, 2727 Lafitte Ave, New Orleans, LA 70119
2725, 2727 Lafitte Ave, New Orleans, LA 70119

Type: Industrial
Price: Withheld
Buyer: 2727 LAFEET LLC
Elifin’s Notes: Krewe of Nyx Properties LLC sells an industrial warehouse to 2727 Lafeet LLC.

8025-8027 Saint Charles Ave, New Orleans, LA 70118
8025-8027 Saint Charles Ave, New Orleans, LA 70118

Type: Retail
Price: Withheld
Buyer: 8027 ST CHARLES LLC
Elifin’s Notes: A commercial property sells next door to la Madeleine on Saint Charles Avenue.


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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