The Pulse NOLA: Golden Key Apartments sell for 10.6mm

01 Jan The Pulse NOLA: Golden Key Apartments sell for 10.6mm

Posted at 23:55h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

4151, 4713, 4209 Division Street

Type: Multifamily
Price: $10,600,000 ($113,978 / Unit)
Buyer: ARTSCAPE APARTMENTS LLC
Elifin’s Notes: A William Shane, Jr led organization purchase the former Golden Key apartment complex, 93 units with 1BR/1BA and 2BR/2BA configurations, in the Hessmer Farms area of Metairie

2000-2004-2008-2010 Saint Claude Ave

Type: Retail
Price: $625,000 ($208,333 / Unit)
Buyer: FAST TAX SERVICE INC
Elifin’s Notes: Jefferson-based corporation acquires a 3,540 sq ft retail space with multiple units in the Faubourg Marigny area

2101 Paris Rd

Type: Retail
Price: $165,000 ($8 / SF)
Buyer: T&T PROPERTY MGMT LLC
Elifin’s Notes: Chalmette-based investors purchase the former Paradise Casino and Marina, with a 21,593 sq ft building on 5.08 acres of land in the Prairie Lands area

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
714 Canal St	Renovation (Structural) $7,566,178	Structural renovation to an existing 5-stry building as per plans. White box of commercial tenant space on the ground floor with HOTEL on floors 2-5. All work to be done as per plans.	[O] 714 Canal LLC [A] Margitta Rogers [C]
365 Canal St Ste 500	Renovation (Non-Structural) $1,500,000	Tenant build out of offices and courtrooms	[O] Wilson Canal Place I LLC, Ocp Office Owner LLC [A] Ann Schmuelling [C]
127 N Dorgenois St	Renovation (Structural) $298,205	Phase 1 renovation of structures into hotel. Building 1- (127 N Dorgenois) Remodel three hotel units in ground floor of bldg 1, as well as bar.New plans upload 4/12/2022 from new contractor new owner new architect	[O] Jae Investments LLC [A] [C] Troy D Porter
5875 Canal Blvd	Renovation (Non-Structural) $227,169	Interior non structural repairs from hurricane Ida. Interior finishes drywall, carpet paint.	[O] St Luke’s United Methodist Church [A] Base Contractors, LLC [C] Base Contractors, LLC
708 Toulouse St	Renovation (Non-Structural) $176,891	Remove existing shingles and replace with Vermont Gary Slate.	[O] 537 Royal Street LLC [A] Pride Roofing LLC [C] Pride Roofing, LLC.
1823 Washington Ave	Renovation (Non-Structural) $152,000	Installation of roof-mounted solar panels	[O] Bethlehem Lutheran Church [A] Jeffrey David Cantin [C] Solar Alternatives
2285 Lakeshore Dr	Electrical Repair / Replacement / Addition $149,831	Provide and install new 480V ATS that serves the 1st and 2nd floor.	[O] Uno Research & Technology Foundation Inc, Uno Research & Technology Foundation In C, Uno Research & Technology Foundation Inc [A] Keith Descant [C] Keith Descant
1100 Girod St Ste 101	Mechanical HVAC $100,000	Permit for refrigeration- walk in cooler & walk in freezer	[O] South Market District LLC, Idb – South Market District A1 Residential LLC, Idb – South Market District A1 Commercial LLC [A] Dustin Bennett [C] Jos R Labadot Inc
3500 Holiday Dr	Electrical Repair / Replacement / Addition $82,000	Renovation and rewire of existing commercial space	[O] St Thomas Community Health Center Inc [A] D Zemke D D Michael [C] D Zemke D D Michael
940 Orleans Ave	Renovation (Non-Structural) $76,875		[O] Jon L Browning, David Mcdade, Linda L Rapp, Jennifer Preston, Toni F Gonsoulin, William Barnes [A] Blain Collins [C]
1212 Bordeaux St	Renovation (Structural) $74,985	Minor Interior and exterior renovations to an existing multi-family building. Total building area = 5,536 sq. ft. Area of Construction = 1,962 sq. ft. (less than 50%). Rear of building facade will be altered to include new bathroom dormer windows.	[O] Bordperr LLC [A] Brian Anderson [C]
4609 Magazine St	Electrical Repair / Replacement / Addition $71,700	Electrical wiring of new restaurant. Meter and service are existing.	[O] BDR Italian LLC [A] J J Bonano J J Derrick J [C] J J Bonano J J Derrick J
933 Conti St	Renovation (Non-Structural) $60,000	Scope of work includes installing metal wall panels and metal coping cap at parapet wall of 933 Conti Street building adjoining 917 Conti Street building. This work was reviewed by VCC and Safety & Permits under permit no. 22-11881-RNVN. See details 1, 2, 3, 5/A5.13 on attached plan.	[O] Cultural Museum Of New Orleans Irish [A] Broadmoor LLC [C] Broadmoor LLC
310 Carondelet St	Renovation (Non-Structural) $56,832	Proposed Verizon Wireless antenna modification on existing parking garage rooftop communications facility. Scope of work: Remove (3) Andrew DBXNH-656B antennas, Remove (3) Andrew LNX-6514DS antennas, Remove (3) Nokia B13 RRHs, Remove (1) Raycap OVP-6, Remove (6) 7/8″ coax cables, Install (3) new antenna pipe mounts per sector, Install (3) Commscope NHH-65C-R2B antennas, Install (3) Commscope NHHSS-65C-R2BT4 antennas, Install (3) Samsung MT6407 combination RRH/antennas, Install (3) Samsung B2/B66A RRHs, Install (3) Samsung B5/B13 RRHs, Install (3) Samsung CBRS RRH RT4401, Install (3) HFT2406 Hybrid Fiber Cables, Install (3) RCMDC-6627 OVPs, Install (3) RCMDC-4520 OVPs, Install (3) Commscope combiners, Install (3) Verdium ISCO BAS Filters, Install Hybrid jumpers.	[O] Bre Nola Parking LLC, Ez Park LLC [A] P Pollock James [C] CMS LLC
3635 Hamburg St	Electrical Service / Circuit / Feeder $47,000	Electrical rough in and trim out. New Build	[O] St John # 5 Baptist Church [A] Raymond M, Luminais [C] Raymond M, Luminais
3961-3963 Downman Rd	Renovation (Non-Structural) $40,921	Renovating unit to update the plumbing, flooring, sheetrock, electrical, HVAC, kitchen and bathroom. For use as a Commercial Short Term Rental (right side, SB-2 zone) and office use (left side, SB-1 zone)	[O] Jermone D Williams [A] Cornelius Johnson [C] Cornelius Johnson
1015 Burgundy St Unit 5	Renovation (Non-Structural) $40,000	To remove non load bearing walls around existing kitchen. Replace existing cabinets and appliances with new cabinets and appliances. Add new waterproof coating to the balcony area. VCC: “Add new waterproof coating to the balcony area” removed from the scope of work by the applicant to allow for interior work only to move forward. No exterior work is approved as part of this permit.	[O] Alan M Claghorn, Bryan J Watson, Lia C Tealdi, Stephen V Mallernee, Walter Blake Costello, Nancy G Moragas, Stephen V Mallernee, Wendy S Schwartz [A] Marvin L Weaver Drywall, Inc. [C] Marvin L Weaver Drywall, Inc.
3701 Magazine St	Interior Demolition $25,500	Interior Demo for restaurant buildout. No use or occupancy. Renovation requires separate permit	[O] Vanda Holdings LLC [A] Joshua Noland [C] NFT GROUP, LLC
1019 Austerlitz St	Renovation (Structural) $24,800		[O] Adam D Borden, Trust For Robert T Arnold, Adam D Borden, Mark H Ellis, Phillippe C Dimanche, Carely Arredondo [A] Short Martin [C]
1728 St Charles Ave	Renovation (Non-Structural) $18,500	1) Repair or replace siding and trim with the same material, where needed. 2) Repair or replace gallery trim with the same material, where needed. 3) Repair gallery columns, where needed. 4) Paint where repairs are made. 5) Install round safety rail at 42″ height above existing railing on front gallery. Safety rail to be welded at a 35 degree angle from existing rail, at 42″ in height. Safety rail to be welded to the bottom of the existing top rail, and mounted behind existing wood columns.	[O] Polly W Adler [A] Owen Farris [C] Hercules Construction Services
4219 Dumaine St Apt C	Electrical Repair / Replacement / Addition $12,500	rewire with new lighting, new sub panel, all new outlets and switches	[O] John L IV Hinds [A] Patrick McDonough Sheridan [C] Patrick McDonough Sheridan
5601 Magazine St	Electrical Repair / Replacement / Addition $12,240	Electrical Installation for a Playa Bowls Restaurant.	[O] Magazine Real Estate Ventures LLC [A] Ryan Carl Orgeron [C] Ryan Carl Orgeron
933 Leboeuf St	Electrical Service / Circuit / Feeder $11,000	Total rewire + low voltage	[O] Fhu Investments LLC [A] Troy Mervin Rawlins [C] Troy Mervin Rawlins
400 Magazine St	Mechanical HVAC $8,000	Replace 5 ton condenser and air handler 6 KW heat strip	[O] Eric Vargas [A] Matthew L Eskins [C] Matthew L Eskins
3800 Burgundy St	Electrical Repair / Replacement / Addition $6,850	add home office and 1/2 bath in existing garage.	[O] Michael P Doyle [A] Rodney Blache [C] Rodney Blache
1563 N Prieur St	Mechanical HVAC $6,200	install of one 3.5 ton HVAC system with 10 kw of electric heat.	[O] Proliferation LLC [A] Javier Mezquita [C]
3260 Behrman Hwy	Renovation (Non-Structural) $5,000	Placing 2 2′ microwaves on Verizon owned shelter within compound of existing cell tower. No structural changes or additional electrical work needed.	[O] American Tower Asset Sub LLC [A] Verizon Wireless [C] Ericsson, Inc
1501 Lafitte Ave	Renovation (Non-Structural) $5,000	Placing 2 2′ microwaves on Verizon owned shelter within compound of existing cell tower. No structural changes or additional electrical work needed.	[O] Wentworth Industries L L C [A] Verizon Wireless [C] Ericsson, Inc
123 State St	Renovation (Non-Structural) $5,000	Placing 2 2′ microwaves on Verizon owned shelter within compound of existing cell tower. No structural changes or additional electrical work needed.	[O] Lighthouse For The Blind [A] Verizon Wireless [C] Ericsson, Inc
3017 Second St	Renovation (Non-Structural) $5,000	Placing 2 2′ microwaves on Verizon owned shelter within compound of existing cell tower. No structural changes or additional electrical work needed.	[O] Ebenezer Baptist Church [A] Verizon Wireless [C] Ericsson, Inc
4500 Palmyra St Unit F	Renovation (Non-Structural) $4,265	Install 1 replacement patio door, same size as existing.	[O] Sean Gilbert, Kelley Puente, Mark A Mccourt, Leblanc Palmyra Condo LLC, Latoya D Williams, Elizabeth Louise Chauvin, Emirhan Yilmaz, Jacob K Davisson [A] Mindy Winkler [C] Home Depot USA, Inc. Mindy Winkler
960 Napoleon Ave EVC	Electric Vehicle Charger: Installation $4,100	Installation of curbside electric vehicle charger	[O] [A] Jeffrey David Cantin [C] Solar Alternatives, Inc
2675 Florida Ave EVC	Electric Vehicle Charger: Electrical $3,600	Installation of curbside EVC	[O] The City of New Orleans [A] Jeffrey David Cantin [C] Jeffrey David Cantin
2675 Florida Ave EVC	Electric Vehicle Charger: Installation $3,600	Installation of curbside EVC	[O] The City of New Orleans [A] Jeffrey David Cantin [C] Solar Alternatives, Inc
624 Audubon St	Interior Demolition $3,500	Interior Demolition. No use & occupancy. Renovation requires a separate permit.	[O] L L C Audubon [A] Rolando J Hernandez [C] Rolando Hernandez
1615 N Villere St Apt 202	Electrical Repair / Replacement / Addition $3,000	Alterations and repairs, Added 5 new circuits	[O] Elizabeth Allen Dellechiaie [A] Reinaldo Lopez [C] Reinaldo Lopez
2714 N Galvez St Apt 101	Electrical Repair / Replacement / Addition $2,700	Complete rough in, and trim out of electrical work in unit.	[O] J Lee Realty LLC [A] Joshua J Millon [C] Joshua J Millon
2714 N Galvez St Apt 102	Electrical Repair / Replacement / Addition $2,700	Complete rough-in, and trim out of electrical in unit.	[O] J Lee Realty LLC [A] Joshua J Millon [C] Joshua J Millon
2714 N Galvez St Apt 104	Electrical Repair / Replacement / Addition $2,700	Complete rough-in and trim out of electrical components in unit.	[O] J Lee Realty LLC [A] Joshua J Millon [C] Joshua J Millon
2405 Fern St, NA	Electrical Service / Circuit / Feeder $2,500	Install 60 amp disconnect on Verizon small cell pole	[O] [A] J Carman J J Timothy [C] J Carman J J Timothy
3914 Canal St	Mechanical Fuel Gas $1,654	Pressure tested the gas line. Rerouted 10 feet of 3/4″ gas pipe, fittings to repair leak and 6 month ga vacancy .	[O] Ravidan LLC [A] Steven Chambers [C] Steven Chambers
139 S Alexander St	Mechanical Fuel Gas $625	GAS TEST	[O] Cdc Properties LLC [A] John Traina [C]
3400 Garden Oaks Dr Apt 822	Electrical Vacancy $500	Vacancy	[O] Jackson South 262 LLC [A] Oscar L. Carter Jr. [C] Oscar L. Carter Jr.
3629 Fourth St Apt 201	Electrical Vacancy $500	6 Mos Vacancy. Entergy pulled all meters due to small fire in another unit. This unit suffered now smoke or fire damages.	[O] Gravier St LLC [A] Juna Jose Arriago-Moreno [C] Juna Jose Arriago-Moreno
3629 Fourth St Apt 202	Electrical Vacancy $500	6 Mos Vacancy. Entergy pulled all meters due to small fire in another unit. This unit suffered now smoke or fire damages.	[O] Gravier St LLC [A] Juna Jose Arriago-Moreno [C] Juna Jose Arriago-Moreno
1100 Verret St	Mechanical Fuel Gas $400	Inspect Gas line for 6 months occupancy & repair gas line less than 100 ft.	[O] St Matthew United Methodist Church of Algiers Inc [A] Cornelius Johnson [C] Cornelius Johnson
2321 Alvar St	Electrical Repair / Replacement / Addition $350	Reconnect installed insulator for service drop	[O] 3 Boys Investments LLC [A] Patrick Mel Thomas [C] Patrick Mel Thomas
4518 Majestic Oaks Dr	Demolition N/A	Demolitiono f vacant single family residence. Any furthur use shaoo require progress. Any furthur use of this property shall require a separate permit.	[O] Geoffry Meyers [A] Meyers Geoffry [C] Caveman Demolition

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.

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