The Pulse NOLA: Cypress Trace Apartments and French Quarter Multifamily

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

Commercial Sales Recorded Last Week

819 Saint Peter St
819 Saint Peter St

Type: Multifamily
Price: $1,169,000 ($194,833 / Unit)
Buyer: PIVOT EVENTS LLC
Elifin’s Notes: At the center of the French Quarter, Gretna based group purchases a 6-unit multifamily property, consisting of five studio units and one 1BR/1BA unit

8080 Crowder Blvd
8080 Crowder Blvd

Type: Office
Price: $465,000 ($90 / SF)
Buyer: EXPERT DRUG TESTING AND SAFETY SERVICES LLC
Elifin’s Notes: Local investor acquires a 5,139 sq ft office building, consisting of 5-units, in New Orleans East

10160 I 10 Service Rd
10160 I-10 Service Rd

Type: Retail
Price: $377,000 ($146 / SF)
Buyer: SYLVAN TRANSPORTATION LLC
Elifin’s Notes: Local group purchases 2,575 sq ft, 2-unit, retail space in New Orleans East

700-702 N Carrollton Ave
700-702 N Carrollton Ave

Type: Office
Price: Withheld
Buyer: 1109 GROUP LLC
Elifin’s Notes: Local investment group acquires a 3,532 sq ft office property in the Bayou St. John area.

8200, 8300 Palmetto St, 8200, 8201, 8303 Palm St, 8300 Stroelitz St
8200 Palmetto St

Type: Multifamily
Price: Withheld
Buyer: CYPRESS TRACE APARTMENTS LLC
Elifin’s Notes: The Harvey-based Hamden family led group acquires the, Xavier University adjacent, Cypress Trace Apartment complex, 327-units, with an average size of 969 sq ft, in 30 buildings making up 317,000 sq ft in overall building space across 7.42 acres.

3649 Magazine St
3649 Magazine St

Type: Retail
Price: Withheld
Buyer: RIVERS SPENCER INTERIORS LLC
Elifin’s Notes: A Mississippi based business group acquires a 2,100 sq ft retail space in the Touro area 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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