The Pulse NOLA: Nonprofit purchases 500,000 sqft building downtown

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

Commercial Sales Recorded Last Week

1401 Whitney Ave, Gretna, LA 70053
1401 Whitney Ave, Gretna, LA 70053

Type: Multifamily
Price: $1,515,000 ($89,118 / Unit)
Buyer: 1414 ROMAIN ST LLC
Elifin’s Notes: A 17-unit apartment complex trades in Gretna.

1190 Terry Pkwy, Terrytown, LA 70056
1190 Terry Pkwy, Terrytown, LA 70056

Type: Retail
Price: $855,000 ($258.31 / SF)
Buyer: HALO 22 LLC
Elifin’s Notes: A Wendy’s occupied QSR property changes hands on Terry Parkway.

228 Chartres St, New Orleans, LA 70130
228 Chartres St, New Orleans, LA 70130

Type: Mixed-Use
Price: $785,000 ($237.88 / SF)
Buyer: BHSAL LLC
Elifin’s Notes: A mixed-use property with street-level retail and apartments on the second and third floors sells on Chartres Street in the French Quarter.

2408-2430 St Andrew St, New Orleans, LA 70113
2408-2430 St Andrew St, New Orleans, LA 70113

Type: Multifamily
Price: $650,000 ($54,167 / Unit)
Buyer: ENDGAME LLC
Elifin’s Notes: A California-based company purchases a 12-unit multifamily property on Saint Andrew Street.

2229 Hickory Ave, River Ridge, LA 70123
2229 Hickory Ave, River Ridge, LA 70123

Type: Retail
Price: $335,000 ($77.74 / SF)
Buyer: 2229 Hickory LLC
Elifin’s Notes: A commercial property with suites for a bar/tavern, office, and an auto repair uses sells on Hickory Avenue.

6419 Reverend Taza Green Sr Ave, New Orleans, LA 70131
6419 Reverend Taza Green Sr Ave, New Orleans, LA 70131

Type: Retail
Price: $145,000 ($37.50 / SF)
Buyer: BENN GEORGE K
Elifin’s Notes: A multi-tenant retail property sells in Lower Algiers.

Lot 1 Ames Blvd, Marrero, LA 70072
Lot 1 Ames Blvd, Marrero, LA 70072

Type: Land
Price: $125,000 ($4.10 / Land SF)
Buyer: BOUDREAUX MARY G
Elifin’s Notes: A 0.7+ acre parcel of commercial land sells on Ames Boulevard.

1440 Canal St, New Orleans, LA 70112
1440 Canal St, New Orleans, LA 70112

Type: Office
Price: Withheld
Buyer: PAN AMERICAN FINANCIAL ASSISTANCE FOUNDATION INC
Elifin’s Notes: The Tulane School of Public Health and Tropical Medicine sells to a non-profit which secured over $180 million in bonds to finance the acquisition and renovation of the office building.


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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