The Pulse NOLA: Land sells on Elmwood Park for 1mm

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

Commercial Sales Recorded Last Week

1090 Elmwood Park Blvd
1090 Elmwood Park Blvd

Type: Land
Price: $1,000,000 ($25.51 / Land SF)
Buyer: JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION
Elifin’s Notes: Nearly an acre of vacant commercial land sells in the Elmwood Industrial Park area

1418 Magazine St
1418 Magazine St

Type: Mixed-Use
Price: $800,000 ($252.05 / SF)
Buyer: Midcity Holdings, LLC of LA
Elifin’s Notes: Mixed Use property with street-level retail and upstairs apartments sells in the Lower Garden District area

2101 Esplanade Ave
2101 Esplanade Ave

Type: Multifamily
Price: $639,000 ($127,800 / Unit)
Buyer: Surgir 2 LLC
Elifin’s Notes: Multifamily, 5-unit, property sells in Seventh Ward area

412 Westwood Dr
412 Westwood Dr

Type: Multifamily
Price: $560,000 ($46,667 / Unit)
Buyer: EAGLE EQUITIES LLC
Elifin’s Notes: Multifamily property sells in the Westwood area of Marrero

3221 25th St
3221 25th St

Type: Industrial
Price: $550,000 ($113.40 / SF)
Buyer: KENNER PLUMBING SUPPLY INC
Elifin’s Notes: Industrial property sells in the Kenner Project area

3427 Jefferson Hwy
3427 Jefferson Hwy

Type: Land
Price: $550,000 ($34.13 / Land SF)
Buyer: JEFFERSON OPPORTUNITY ZONE FUND 1 LLC
Elifin’s Notes: Vacant commercial land sells at the corner of Jefferson Highway and Shrewsbury Road in the Claiborne Gateway area

3816 Bienville St
3816 Bienville St

Type: Office
Price: $537,500 ($302.14 / SF)
Buyer: John D Sileo Jr; Amy Reimer Sileo
Elifin’s Notes: Office property sells in the Mid-City area

2681 Barataria Blvd
2681 Barataria Blvd

Type: Retail
Price: $530,000 ($109.28 / SF)
Buyer: Jahid Kattoum; Amal Kattoum
Elifin’s Notes: Retail property sells in the Sunrise Acres area

8840 Spruce St
8840 Spruce St

Type: Multifamily
Price: $525,000 ($65,625 / Unit)
Buyer: 1921 GENERAL OGDEN SRI LLC; 8840 SPRUCE SRI LLC
Elifin’s Notes: In two separate transactions each for the same amount, Investors purchase two multifamily quadraplexes, totaling 8-units, in the Leonidas area

2223 Carondelet St
2223 Carondelet St

Type: Land
Price: $315,000 ($79.67 / Land SF)
Buyer: Chabad at Tulane LLC
Elifin’s Notes: A vacant commercial land parcel sells in near St. Charles Avenue in the Central City area

501 Williams Blvd
501 Williams Blvd

Type: Retail
Price: $305,000 ($84.72 / SF)
Buyer: Eric M Rotts
Elifin’s Notes: Local investor purchases the Children’s Castle in Kenner

4309 Williams Blvd
4309 Williams Blvd

Type: Office
Price: $250,000 ($113.64 / SF)
Buyer: BOHANNAN INVESTMENTS LLC
Elifin’s Notes: Investor purchases two adjacent office, general commercial use, properties along Williams Boulevard in the Highway Park area

828 Avenue G
828 Avenue G

Type: Office
Price: $209,000 ($139.33 / SF)
Buyer: COVERED PROPERTIES LLC
Elifin’s Notes: Investor purchases an office property in Marrero


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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