The Pulse NOLA: Huntington Park apartments sell for 15mm

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

Commercial Sales Recorded Last Week

7019 Crowder Boulevard
7019 Crowder Boulevard

Type: Multifamily
Price: $15,000,000 ($93,750 / Unit)
Buyer: Huntington Park 23 LLC
Elifin’s Notes: Northeastern-based investor purchases the Huntington Park apartments in the Little Woods area

2543 Perdido St
2543 Perdido St

Type: Land
Price: $2,100,000 ($31.93 / Land SF)
Buyer: Perdido St__2543
Elifin’s Notes: Investor purchases 1.5+ acres of commercial land with 15,000 sq ft of warehouse space which was heavily damaged in Hurricane Ida, in the Tulane/Gravier area

401 Burgundy St

Type: Multifamily
Price: $1,025,000 ($205,000 / Unit)
Buyer: BATPITA401 LLC
Elifin’s Notes: An Ohio-based investor purchases a 5-unit multifamily property in the French Quarter at the corner of Conti Street and Burgundy Street

2733 Tulane Ave
2733 Tulane Ave

Type: Retail
Price: $1,000,000 ($172.77 / SF)
Buyer: ADAMS COMMERICAL PROPERTIES LLC
Elifin’s Notes: Local investor purchases two buildings sitting on two parcels of land 0.3+ acres of land in the Tulane/Gravier area

317 Lafayette St
317 Lafayette St

Type: Retail
Price: $425,000 ($354.17 / SF)
Buyer: BEAUTY MARKS STUDIO LLC
Elifin’s Notes: Local business owner purchases a retail space in Gretna

1448 Macarthur Ave
1448 Macarthur Ave

Type: Retail
Price: $425,000 ($75.93 / SF)
Buyer: Schwanell Smith
Elifin’s Notes: Local investor purchases a retail property in the Marrero Industrial area

3320 Houma Blvd
3320 Houma Blvd

Type: Retail
Price: $400,000 ($37.04 / SF)
Buyer: AMSM PROPERTIES LLC
Elifin’s Notes: Local investor purchases this 10,800 sq ft strip center with four retail units along Houma Boulevard in the Suburban Villas area of Metairie

11500 Chef Menteur Hwy
11500 Chef Menteur Hwy

Type: Industrial
Price: $350,000 ($216.05 / SF)
Buyer: J J JULIEN TRANSPORTATION LLC
Elifin’s Notes: Local investor purchases an industrial property with an office space sitting on 2+ acres in the the Viavant/Venetian Isles area

5770 Read Blvd
5770 Read Blvd

Type: Retail
Price: Withheld
Buyer: GOODWILL INDUSTRIES OF SOUTHEASTERN LOUISIANA INC
Elifin’s Notes: Goodwill Industries of Southeastern Louisiana purchases the former Lowes Home Center property in the Read Boulevard East area


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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