The Pulse NOLA: Golden Key Apartments sell for 10.6mm

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

Commercial Sales Recorded Last Week

4151, 4713, 4209 Division Street
4151, 4713, 4209 Division Street

Type: Multifamily
Price: $10,600,000 ($113,978 / Unit)
Buyer: ARTSCAPE APARTMENTS LLC
Elifin’s Notes: A William Shane, Jr led organization purchase the former Golden Key apartment complex, 93 units with 1BR/1BA and 2BR/2BA configurations, in the Hessmer Farms area of Metairie

2000-2004-2008-2010 Saint Claude Ave
2000-2004-2008-2010 Saint Claude Ave

Type: Retail
Price: $625,000 ($208,333 / Unit)
Buyer: FAST TAX SERVICE INC
Elifin’s Notes: Jefferson-based corporation acquires a 3,540 sq ft retail space with multiple units in the Faubourg Marigny area

2101 Paris Rd
2101 Paris Rd

Type: Retail
Price: $165,000 ($8 / SF)
Buyer: T&T PROPERTY MGMT LLC
Elifin’s Notes: Chalmette-based investors purchase the former Paradise Casino and Marina, with a 21,593 sq ft building on 5.08 acres of land in the Prairie Lands area


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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