The Pulse NOLA: Magnolia Mansion in Garden District sells

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

Commercial Sales Recorded Last Week

2515-2517, 2519-2521 Chartres St
2515-2517, 2519-2521 Chartres St

Type: Hospitality
Price: $1,500,000 ($136,364 / Unit)
Buyer: 2515-21 CHARTRES LLC
Elifin’s Notes: Local investors purchase the, 11-unit, Lions Inn Bed & Breakfast in the Marigny in two separate transactions.

132 Allen Toussaint Blvd
132 Allen Toussaint Blvd

Type: Office
Price: $922,000 ($384 / SF)
Buyer: DUKE LANA
Elifin’s Notes: Local purchaser acquires a 2,403 sq ft office property in the Lakeview area.

2837 Sharon St, Kenner, LA 70062
2837 Sharon St

Type: Industrial
Price: $570,000 ($71 / SF)
Buyer: Osvaldo Delgado
Elifin’s Notes: Local investor purchases a 8,047 sq ft industrial property encompassing four lots with three available for possible resale.

4139 Tchoupitoulas St
4139 Tchoupitoulas St

Type: Office
Price: $533,000 ($187 / SF)
Buyer: 1820 INVESTMENTS L L C
Elifin’s Notes: Local investors purchase a 2,847 sq ft former photography studio with 2BR/2.5BA in the East Riverside area.

1418-1420 Michael St
1418-1420 Michael St

Type: Retail
Price: $380,000 ($83 / SF)
Buyer: CUDDLY BEAR CHILD DEVELOPMENT CENTER LLC
Elifin’s Notes: Local child care facility owner purchases a 4,575 sq ft general retail space in the U.S. Naval Base area on the Westbank.

1622-1624 Newton St
1622-1624 Newton St

Type: Retail
Price: $310,000 ($287 / SF)
Buyer: MKM CREATIONS LLC
Elifin’s Notes: Local investor purchases a 1,080 sq ft Quick Service Restaurant, with drive through, property in the Whitney area of Algiers.

2411 Richland St, Kenner, LA 70062
2411 Richland St

Type: Land
Price: $250,000 ($16.99 / Land SF)
Buyer: Sergio Renieri Mejia Torres, Linda Adelaida Morales Guzman de Mejia
Elifin’s Notes: Local investors purchase a 0.34 acre lot of industrial land in the Crestview Office & Industrial Park area.

1003 Teche St
1003 Teche St

Type: Retail
Price: $230,000 ($187 / SF)
Buyer: ANTOINE ENTERPRISES L L C
Elifin’s Notes: Gretna-based investor purchases a 1,230 sq ft general retail space in the McDonogh area of Old Algiers.

1312 Bridge City Ave, Bridge City, LA 70094
1312 Bridge City Ave

Type: Land
Price: $180,000 ($6.86 / Land SF)
Buyer: Kimberly Aguilera Montalvan
Elifin’s Notes: Local investor purchases 0.6 acres of land in the Belt Bridge area with corner lot acreage presented as vacant land, however, the property contains some minimal improvement structure.

2127 Prytania St
2127 Prytania St

Type: Hospitality
Price: Withheld
Buyer: 2127 PRYTANIA L L C
Elifin’s Notes: Local purchaser acquires the Magnolia Mansion, a 13-unit boutique hotel, in the Lower Garden District 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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