The Pulse NOLA: 220-Unit Apartment Complex and Magazine Street Restaurant Sold

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

Commercial Sales Recorded Last Week

3221 Behrman Pl
3221 Behrman Pl

Type: Office
Price: $1,200,000 ($80,000 / Unit)
Buyer: LEGACY COMMERCIAL VENTURES LLC
Elifin’s Notes: Local investors purchase Algiers office complex with 15 units, totalling 19,560 sq ft

1436 Dante Street
1436 Dante Street

Type: Multifamily
Price: $960,000 ($192,000 / Unit)
Buyer: RJL HOLDINGS LLC
Elifin’s Notes: Alabama based group purchases 5-unit, three 2BR/1BA and two 1BR/1BA, multifamily property in the West Carrollton area.

1120 N Rampart St
1120 N Rampart St

Type: Retail
Price: $450,700 ($161 / SF)
Buyer: 1120 NORTH RAMPART LLC
Elifin’s Notes: A West Bank investor buys 2,802 sq ft space, currently used as a veterinarian clinic along North Rampart Street at the top of the French Quarter.

6101 Tullis Drive
6101 Tullis Drive

Type: Multifamily
Price: Withheld
Buyer: 6101 TULLIS DRIVE LLC
Elifin’s Notes: A Harvey based investment group acquires a 220 unit apartment complex along the Intercoastal Waterway in Algiers

819 Magazine St
819 Magazine St

Type: Office
Price: Withheld
Buyer: WORTHMORE REALTY LLC
Elifin’s Notes: Local investor acquires 5,270 sq ft of warehouse/distribution space along Magazine Street in the Warehouse District

1401-1403, 1405-1407 Baronne St; 1818 Thalia St
1401-1403, 1405-1407 Baronne St; 1818 Thalia St

Type: Retail
Price: Withheld
Buyer: 1401 BARONNE LLC
Elifin’s Notes: Investors acquire a former brewery, with 4,756 of usable space, in Central City

3009-3011 Magazine St
3009-3011 Magazine St

Type: Retail
Price: Withheld
Buyer: MR LEE LLC
Elifin’s Notes: Local investors acquire a well established 4,982 sq ft restaurant space along the prime Garden District portion of Magazine Street.


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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