The Pulse NOLA: Hollywood Park Apartments sell for 4.25mm

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

Commercial Sales Recorded Last Week

4000 Westbank Expy, Marrero, LA 70072
4000 Westbank Expy, Marrero, LA 70072

Type: Multifamily
Price: $4,250,000 ($60,714 / Unit)
Buyer: 4000 HOLLYWOOD APARTMENTS LLC
Elifin’s Notes: Hamdan Sons Investments, via a separate entity, purchases the Hollywood Park Apartments, 70-units, in Marrero.

3826 Magazine St, New Orleans, LA 70115
3826 Magazine St, New Orleans, LA 70115

Type: Retail
Price: $1,150,000 ($420.17 / SF)
Buyer: DECADE LLC
Elifin’s Notes: A mixed-use (retail and residential) property sells at the intersection of Magazine Street and General Taylor Street.

2140 Manhattan Blvd, Harvey, LA 70058
2140 Manhattan Blvd, Harvey, LA 70058

Type: Retail
Price: $830,000 ($224.32 / SF)
Buyer: NGUYEN, THU T
Elifin’s Notes: Local investor purchases the Manhattan Seafood & Meat Market in Harvey.

0.35 Acres 29th St, Kenner, LA 70062
0.35 Acres 29th St, Kenner, LA 70062

Type: Land
Price: $400,000 ($26.26 / Land SF)
Buyer: 1485 29TH STREET LLC
Elifin’s Notes: An adjacent industrial property owner has purchased a 0.3+ acre parcel of land on 29th Street in Kenner.

1101 Veterans Memorial Blvd, Kenner, LA 70062
1101 Veterans Memorial Blvd, Kenner, LA 70062

Type: Office
Price: $385,000 ($77.00 / SF)
Buyer: LATINO MULTI CENTER LLC
Elifin’s Notes: A two-story, multi-tenant office property sells on Veterans Memorial Boulevard, north of the Airport in Kenner.

7700 Westbank Expy, Westwego, LA 70094
7700 Westbank Expy, Westwego, LA 70094

Type: Retail
Price: $280,000 ($51.85 / SF)
Buyer: YBA INVESTMENT LLC
Elifin’s Notes: An auto sales showroom-warehouse space sells to a local auto dealer.

2920 David Dr, Metairie, LA 70003
2920 David Dr, Metairie, LA 70003

Type: Office
Price: $225,000 ($160.71 / SF)
Buyer: HANNER MICHAEL
Elifin’s Notes: An office property changes hands on David Drive in Kenner.

3668 Clematis St, New Orleans, LA 70122
3668 Clematis St, New Orleans, LA 70122

Type: Retail
Price: $218,350 ($112.32 / SF)
Buyer: FUN WHILE LEARNING CHILDCARE LLC
Elifin’s Notes: A daycare center property changes ownership on Clematis Street.

2617 Spain St, New Orleans, LA 70117

Type: Land
Price: $175,000 ($7.34 / Land SF)
Buyer: BH Motors Llc
Elifin’s Notes: A tract of land sells in the St. Roch area near I-10.

700 Papworth Ave (Ste 205), Metairie, LA 70005
700 Papworth Ave (Ste 205), Metairie, LA 70005

Type: Office
Price: $109,000 ($184.75 / SF)
Buyer: PMS PROPERTY MANAGEMENT LLC
Elifin’s Notes: An office condominium unit sells on Papworth Avenue in Metairie.

Barn 27 St Vincent St, New Orleans, LA 70119
Barn 27 St Vincent St, New Orleans, LA 70119

Type: Specialty
Price: Withheld
Buyer: NOBALS LLC
Elifin’s Notes: An Illinois-based businessman has purchased the Barn 27 warehouse/stable property at the Louisiana Fairgrounds.

3454 Magazine St, New Orleans, LA 70115
3454 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: BPH MAHONYS HOLDINGS LLC
Elifin’s Notes: Local restaurant group, behind Barrel Proof and other successful retail concepts, purchases the Mahony’s Po-boys property.

1700, 1706, 1730 Tchoupitoulas St, New Orleans, LA 70130
1700, 1706, 1730 Tchoupitoulas St, New Orleans, LA 70130

Type: Office
Price: Withheld
Buyer: LIBERTY BANK AND TRUST COMPANY
Elifin’s Notes: Liberty Bank & Trust Company purchases a two-story office building at the corner of Celeste Street & Tchoupitoulas 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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