Former manufacturing facility sold for 7 million | New Orleans Commercial Real Estate Sales, Week of July 27, 2026

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

Thirteen commercial sales closed in New Orleans and surrounding markets the week of July 27, 2026, totaling $11.2M in disclosed volume. The headline deal: 3949 EUPHROSINE OWNER LLC paid $7M ($34/SF) for the former manufacturing facility on Euphrosine Street, a 204,000 SF industrial property. Multifamily drew significant investor activity. One local developer acquired four apartment complexes on Lake Avenue & W Napoleon Ave totaling 290 units.


Commercial Sales Recorded Last Week

3949 Euphrosine St, New Orleans, LA 70125
3949 Euphrosine St, New Orleans, LA 70125

Type: Industrial
Price: $7,000,000 ($34.18 / SF)
Buyer: 3949 EUPHROSINE OWNER, LLC
Elifin’s Notes: A former manufacturing facility sells on Euphrosine Street.

1904, 1906, 1910, 1912 Magazine St, New Orleans, LA 70130
1904, 1906, 1910, 1912 Magazine St, New Orleans, LA 70130

Type: Retail
Price: $1,600,000 ($142.86 / SF)
Buyer: DENORMANDIE , PHILIP Y
Elifin’s Notes: A set of four retail properties with street-level retail and upstairs residential/office space sell together on Magazine Street.

1131, 1137 Bourbon St, New Orleans, LA 70116
1131, 1137 Bourbon St, New Orleans, LA 70116

Type: Multifamily
Price: $940,000 ($78,333 / Unit)
Buyer: NOLA EVENT PROPERTIES LLC
Elifin’s Notes: A 12-unit multifamily property changes ownership on Bourbon Street.

6065 Magazine St, New Orleans, LA 70118
6065 Magazine St, New Orleans, LA 70118

Type: Office
Price: $857,500 ($476.39 / SF)
Buyer: OLIVERS PLACE LLC
Elifin’s Notes: An office property changes hands on Magazine Street.

2072 Bonn St; 3828 Spencer St, Harvey, LA 70058
2072 Bonn St; 3828 Spencer St, Harvey, LA 70058

Type: Retail
Price: $335,259 ($95.62 / SF)
Buyer: BONN PROPERTY LLC
Elifin’s Notes: A retail property and a 0.3+ acre parcel of land sell together at the corner of Bonn and Spencer Streets.

Lots 37 to 44 24th St, Kenner, LA 70062
Lots 37 to 44 24th St, Kenner, LA 70062

Type: Land
Price: $300,000 ($19.13 / Land SF)
Buyer: 21 24TH ST LLC
Elifin’s Notes: A 0.3+ acre parcel of land sells on 24th Street.

1447 Benton St, New Orleans, LA 70117
1447 Benton St, New Orleans, LA 70117

Type: Specialty
Price: $175,000 ($38.89 / SF)
Buyer: BENTON STREET CHURCH OF GOD IN CHRIST
Elifin’s Notes: A church property sells on Benton Street.

1168 Lake Ave, Metairie, LA 70005
1168 Lake Ave, Metairie, LA 70005

Type: Multifamily
Price: Withheld
Buyer: ASTON ON LAKE AVENUE LLC
Elifin’s Notes: This past week, a local multifamily developer purchases four apartment complexes, this one being the Ashton on Lake Avenue, 58-units.

1229, 1249 Lake Ave, Metairie, LA 70005
1229, 1249 Lake Ave, Metairie, LA 70005

Type: Multifamily
Price: Withheld
Buyer: BRIXEN ON LAKE AVENUE LLC
Elifin’s Notes: This past week, a local multifamily developer purchases four apartment complexes, this one being the Lakewood Apartments, 60-units.

1432 Lake Ave, Metairie, LA 70005
1432 Lake Ave, Metairie, LA 70005

Type: Multifamily
Price: Withheld
Buyer: CHASE ON LAKE AVENUE LLC
Elifin’s Notes: This past week, a local multifamily developer purchases four apartment complexes, this one being the Lake Villa Apartments, 104-units.

507 Decatur St, New Orleans, LA 70130
507 Decatur St, New Orleans, LA 70130

Type: Retail
Price: Withheld
Buyer: 501 RUE DECATUR L L C
Elifin’s Notes: A retail property sells in the French Quarter.

3801 W Napoleon Ave, Metairie, LA 70001
3801 W Napoleon Ave, Metairie, LA 70001

Type: Multifamily
Price: Withheld
Buyer: AVIARY ON WEST NAPOLEON AVENUE LLC
Elifin’s Notes: This past week, a local multifamily developer purchases four apartment complexes, this one being the Aviary on West Napoleon, 168-units.

4176 Canal St, New Orleans, LA 70119
4176 Canal St, New Orleans, LA 70119

Type: Office
Price: Withheld
Buyer: 4176 CANAL ST LLC
Elifin’s Notes: A four-story office property sells on Canal Street in Mid City.


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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