The Pulse NOLA: Luxury apartments sell for over 33mm

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

Commercial Sales Recorded Last Week

2651 Poydras St, New Orleans, LA 70119
2651 Poydras St, New Orleans, LA 70119

Type: Multifamily
Price: $33,151,001 ($132,604 / Unit)
Buyer: 2651 POYDRAS LLC
Elifin’s Notes: The Marquis Luxury Apartments, 250 units, changes ownership at Poydras Street and South Broad Street.

2221 N Hullen St, Metairie, LA 70005
2221 N Hullen St, Metairie, LA 70005

Type: Multifamily
Price: $1,600,000 ($88,889 / Unit)
Buyer: NORTH HULLEN APARTMENTS LLC
Elifin’s Notes: An 18-unit multifamily property changes ownership on North Hullen Street.

3709 Westbank Expy (Units 7, 8, 9, 10, 11, 12), Harvey, LA 70058
3709 Westbank Expy (Units 7, 8, 9, 10, 11, 12), Harvey, LA 70058

Type: Retail
Price: $700,000 ($70.00 / SF)
Buyer: TAN DONG KHANH LLC
Elifin’s Notes: A package of 6 retail condo units changes hands within the Four Columns retail center in Harvey.

6485 Jefferson Hwy, Harahan, LA 70123
6485 Jefferson Hwy, Harahan, LA 70123

Type: Retail
Price: $410,000 ($108.01 / SF)
Buyer: HERBERT LORI
Elifin’s Notes: A retail property changes ownership along Jefferson Highway in Harahan.

4412 Congress Dr, New Orleans, LA 70126
4412 Congress Dr, New Orleans, LA 70126

Type: Multifamily
Price: $381,000 ($19,050 / Unit)
Buyer: 4412 CONGRESS LLC
Elifin’s Notes: In a non-warranty sale, the City of New Orleans sells a 20-unit multifamily property on Congress Drive in Gentilly Woods.

700, 703 Van Trump St, Gretna, LA 70053
700, 703 Van Trump St, Gretna, LA 70053

Type: Office
Price: $325,000 ($80.25 / SF)
Buyer: TJT LLC
Elifin’s Notes: A commercial property sells off of Stumpf Boulevard in Gretna.

3450 W Esplanade Ave, Metairie, LA 70002
3450 W Esplanade Ave, Metairie, LA 70002

Type: Retail
Price: Withheld
Buyer: 3450 W ESPLANADE LLC
Elifin’s Notes: A gas station/convenience store property changes hands on West Esplanade Avenue.

530 Coolidge St, Jefferson, LA 70121
530 Coolidge St, Jefferson, LA 70121

Type: Land
Price: Withheld
Buyer: OCHSNER CLINIC FOUNDATION
Elifin’s Notes: The Oschner Clinic Foundation purchases an 0.4 acre parcel of land on Coolidge Street.

2001 21st St, Kenner, LA 70062
2001 21st St, Kenner, LA 70062

Type: Office
Price: Withheld
Buyer: GT REAL ESTATE INVESTMENTS LLC
Elifin’s Notes: A two-story office property sells off of Williams Boulevard near the Airport.


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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