The Pulse NOLA: Cornstalk Hotel in French Quarter sells

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

Commercial Sales Recorded Last Week

2424, 2434, 2444 Manhattan Blvd, Harvey, LA 70058
2424, 2434, 2444 Manhattan Blvd, Harvey, LA 70058

Type: Retail
Price: $14,000,000 ($116.71 / SF)
Buyer: MANHATTAN CROSSING LLC
Elifin’s Notes: A New York-based company acquires a shopping center on Manhattan Boulevard.

4401 Euphrosine St, New Orleans, LA 70125
4401 Euphrosine St, New Orleans, LA 70125

Type: Industrial
Price: $2,000,000 ($73.64 / SF)
Buyer: 4401 EUPHROSINE LLC
Elifin’s Notes: A local investor acquires an industrial warehouse property of more than 27,000 sq ft on Euphrosine Street.

2114, 2115 Oakmere Dr, Harvey, LA 70058
2114, 2115 Oakmere Dr, Harvey, LA 70058

Type: Specialty
Price: $1,700,000 ($29.98 / SF)
Buyer: LAUREATE ACADEMY INC
Elifin’s Notes: Laureate Academy Charter School and a church property sell together on Oakmere Drive.

4870, 4900, 4910, 4920 Alsace St, New Orleans, LA 70129
4870, 4900, 4910, 4920 Alsace St, New Orleans, LA 70129

Type: Multifamily
Price: $1,650,000 ($103,125 / Unit)
Buyer: ALSACE NOLA, LLC
Elifin’s Notes: A four building multifamily property with 16, 2BR/1BA, units sells in the Venetian Isles area.

708, 716, 730 Barataria Blvd, Marrero, LA 70072
708, 716, 730 Barataria Blvd, Marrero, LA 70072

Type: Industrial
Price: $1,300,000 ($36.12 / SF)
Buyer: DYNASTY PROPERTIES LLC
Elifin’s Notes: A multi-tenant four building industrial property sells in Marrero.

600 Jackson Ave, New Orleans, LA 70130
600 Jackson Ave, New Orleans, LA 70130

Type: Land
Price: $600,000 ($38.12 / Land SF)
Buyer: 600 JACKSON AVE, LLC
Elifin’s Notes: A former gas station property sells as a redevelopment opportunity on Jackson Avenue.

5630 Crowder Blvd, New Orleans, LA 70127
5630 Crowder Blvd, New Orleans, LA 70127

Type: Office
Price: $585,000 ($47.02 / SF)
Buyer: JOSHUA LAND LLC
Elifin’s Notes: A Gretna-based company purchases a two-story office property at the corner of Crowder Boulevard and Lake Forest Boulevard.

1444 Japonica St, New Orleans, LA 70117
1444 Japonica St, New Orleans, LA 70117

Type: Multifamily
Price: $400,000 ($66,667 / Unit)
Buyer: JAPONICA STREET SIX LLC
Elifin’s Notes: A 6-unit multifamily property sells on Japonica Street.

4630 S Carrollton Ave, New Orleans, LA 70119
4630 S Carrollton Ave, New Orleans, LA 70119

Type: Office
Price: $360,000 ($266.86 / SF)
Buyer: WENGATE REAL ESTATE PROPERTIES LLC
Elifin’s Notes: An office property sells on South Carrollton Avenue.

601, 607, 609 1st Ave, Harvey, LA 70058
601, 607, 609 1st Ave, Harvey, LA 70058

Type: Specialty
Price: $325,000 ($36.79 / SF)
Buyer: 601 FIRST AVENUE LLC
Elifin’s Notes: A school facility with a chapel sells in Harvey.

2509 Delaware Ave, Kenner, LA 70062
2509 Delaware Ave, Kenner, LA 70062

Type: Industrial
Price: $250,000 ($62.50 / SF)
Buyer: LINDSEY, JAMES R
Elifin’s Notes: A neighboring owner purchases an industrial auto service property on Delaware Avenue.

1149 MacArthur Ave, Harvey, LA 70058
1149 MacArthur Ave, Harvey, LA 70058

Type: Industrial
Price: $110,000 ($24.35 / SF)
Buyer: I&U INVESTMENT LLC
Elifin’s Notes: An industrial property changes hands on MacArthur Avenue.

915 Royal St, New Orleans, LA 70116
915 Royal St, New Orleans, LA 70116

Type: Hospitality
Price: Withheld
Buyer: ROYAL TREE HOLDINGS LLC
Elifin’s Notes: The Cornstalk Hotel sells on Royal Street.

4934 Magazine St, New Orleans, LA 70115
4934 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: CURRY, GREGORY M
Elifin’s Notes: A retail property sells at the corner of Magazine and Robert Streets.

6240 Lapalco Blvd, Marrero, LA 70072
6240 Lapalco Blvd, Marrero, LA 70072

Type: Retail
Price: Withheld
Buyer: FIFTH REALTY 75 LLC
Elifin’s Notes: A daiquiris shop occupied QSR property sells in Marrero.


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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