The Pulse NOLA: 11-Unit Boutique Hotel in Uptown sells

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

Commercial Sales Recorded Last Week

806, 816 Adams St, 7706 Burthe St

Type: Multifamily
Price: $1,449,000 ($181,125 / Unit)
Buyer: CMP 1 LLC
Elifin’s Notes: Local investors purchase three adjoining parcels of three multifamily buildings, totaling 8 units: one has six units, one is a 1BR/1BA, and the last is a 3BR/1BA traditional home.

4417 Dryades St
4417 Dryades St

Type: Hospitality
Price: $1,348,500 ($122,591 / Unit)
Buyer: 4417 DRYADES ST LLC
Elifin’s Notes: Chicago-based investors purchase a recently updated 11-unit boutique hotel in the Uptown area

3634-3638 W Esplanade Ave S
3634-3638 W Esplanade Ave S

Type: Retail
Price: $975,000 ($137 / SF)
Buyer: GOOD ANGEL PROPERTIES LLC
Elifin’s Notes: Local investors purchase a 7,112 sq ft retail property with three units in the Hessmer Farms area of Metairie

2309 N Hullen St
2309 N Hullen St

Type: Office
Price: $758,000 ($165 / SF)
Buyer: GABRIELLE MARIE PROPERTIES LLC
Elifin’s Notes: Local investor purchases a two-story 7,000 sq ft office building, with subdivision possibilities in the Athania Place Annex in Metairie

1140 Carondelet St
1140 Carondelet St

Type: Retail
Price: $700,000 ($324 / SF)
Buyer: 1140 CARONDELET LLC
Elifin’s Notes: Local investors purchase a 2,160 sq ft building with multiple possible uses in the Faubourg Lafayette area. Notably, this property is home to one of the famous Banksy murals left during his tour through New Orleans around 2008.

1234 N Broad St
1234 N Broad St

Type: Retail
Price: $395,000 ($247 / SF)
Buyer: OWEN RILEY INVESTMENTS LLC
Elifin’s Notes: Local investor purchases a 1,600 retail space on the border of the Tremé and Bayou St. John areas.

2137 S Carrollton Ave; 8030 Sycamore St
2137 S Carrollton Ave; 8030 Sycamore St

Type: Mixed-Use
Price: $334,500 ($83 / SF)
Buyer: HANEY CHRISTOPHER
Elifin’s Notes: Local purchaser acquires a 4,013 sq ft two-story building with a street-level retail/office space on the first floor and a 3BR/2BA apartment on the second floor in the Fountainebleau area

1700 Airline Dr, Kenner, LA 70062
1700 Airline Dr

Type: Retail
Price: $200,000 ($324 / SF)
Buyer: ELRACHIDI, MOHAMAD; ELRACHIDI, BASSAM
Elifin’s Notes: Local investors purchase an auto dealership property with a 618 sq ft office space in the Kenner Orchards area

8010 Chef Menteur Hwy
8010 Chef Menteur Hwy

Type: Retail
Price: $170,000 ($42 / SF)
Buyer: ANCONA KELLEY R; ANCONA MICHAEL P JR
Elifin’s Notes: Local investors purchase a 4,080 sq ft retail space in the Venetian Isles area

3144 Destrehan Ave
3144 Destrehan Ave

Type: Land
Price: $100,000 ($1.38 / Land SF)
Buyer: JESUS UNITY CHURCH
Elifin’s Notes: Local religious entity purchases a 1.66 acre piece of land next to the Christ Our Savior Church in the Woodmere area of Harvey

850 Avenue D
850 Avenue D

Type: Retail
Price: Withheld
Buyer: FIFTH DISTRICT SAVINGS BANK
Elifin’s Notes: Local Fifth District Savings Bank purchases the 1,500 sq ft former Regions Bank location in the Gitzinger area of Marrero

6309 S Claiborne Ave; 6307 S Miro St
6309 S Claiborne Ave; 6307 S Miro St

Type: Mixed-Use
Price: Withheld
Buyer: RCR CLAIBORNE VENTURE LLC
Elifin’s Notes: Local investment group purchases two adjacent properties in the Fountainebleau area: a bank drive thru property with 663 sq ft in building space and a restaurant location with 840 sq ft in space


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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