The Pulse NOLA: IHOP in Harvey area sells for 1.5mm

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

Commercial Sales Recorded Last Week

735 Elysian Fields Ave
735 Elysian Fields Ave

Type: Retail
Price: $1,660,000 ($370 / SF)
Buyer: MDC ASSOCIATES L L C
Elifin’s Notes: Local investor purchases retail property along Elysian Fields Avenue in the Marigny.

1719 Manhattan Blvd
1719 Manhattan Blvd

Type: Retail
Price: $1,550,000 ($316 / SF)
Buyer: MANHATTAN PLACE IHOP LLC
Elifin’s Notes: Hamdan Sons Investments LLC purchases a retail restaurant location, currently an IHOP, in Harvey.

2615 Chartes St
2615 Chartes St

Type: Multifamily
Price: $1,195,000 ($239,000 / Unit)
Buyer: REED MICHELLE
Elifin’s Notes: Local investor purchases a two-building multifamily property with five units in total in the Bywater area.

2720 Independence St
2720 Independence St

Type: Multifamily
Price: $870,000 ($108,750 / Unit)
Buyer: AJRE 2720 INDEPENDENCE LLC
Elifin’s Notes: Local investors purchase an 8-unit multi-family property in the Suburban Villas area of Metairie.

1303 S Rampart St
1303 S Rampart St

Type: Land
Price: $370,000 ($283.13 / Land SF)
Buyer: NEW ORLEANS REDEVELOPMENT UNLIMITED INC
Elifin’s Notes: Local non-profit organization purchases a parking lot in the Central City area.

2112 Belle Chasse Hwy
2112 Belle Chasse Hwy

Type: Retail
Price: Withheld
Buyer: VICTORY GRETNA LLC
Elifin’s Notes: Local investors purchase a Neighborhood Center, built around a Winn-Dixie and a separate bank branch building in the Oakdale area of Gretna

225 S Villere St
225 S Villere St

Type: Land
Price: Withheld
Buyer: ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND
Elifin’s Notes: The Administrators of the Tulane Educational Fund purchased a single parking lot parcel in the CBD area just south of I-10, fronting South Villere Street and Cleveland

101 Raspberry St
101 Raspberry St

Type: Multifamily
Price: Withheld
Buyer: HM INVEST LLC
Elifin’s Notes: Local investors purchase a 6-unit multifamily property in the Metairieville area of Metairie

513 Opelousas Ave
513 Opelousas Ave

Type: Retail
Price: Withheld
Buyer: ASHDAN PROPERTIES LLC
Elifin’s Notes: River Ridge-based investor purchases a two-story retail property just south of the Algiers Point area

1415 S Claiborne Ave
1415 S Claiborne Ave

Type: Retail
Price: Withheld
Buyer: 4404 LAFITTE LA ROSE HWY LLC
Elifin’s Notes: Local investors purchase a Gas Station/Convenience Store property with adjacent tire shop space in the B.W. Cooper 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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