The Pulse NOLA: Palmetto Apartments sold for 6.4mm

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

Commercial Sales Recorded Last Week

3801 Joliet St
3801 Joliet St

Type: Multifamily
Price: $6,432,000 ($51,871 / Unit)
Buyer: Palmetto Apartments LLC
Elifin’s Notes: A Hamdan Sons Investments led entity purchases a large multifamily property in the Dixon area

1407 S Carrollton Ave
1407 S Carrollton Ave

Type: Office
Price: $1,340,000 ($177.41 / SF)
Buyer: ALI II LLC
Elifin’s Notes: Office property sells in the East Carrollton area

3001 22nd St
3001 22nd St

Type: Office
Price: $1,025,000 ($202.77 / SF)
Buyer: PLUS PROPERTIES LLC
Elifin’s Notes: Office property sells in the Harlem Parkway area

11221 Old Gentilly Rd
11221 Old Gentilly Rd

Type: Industrial
Price: $350,000 ($218.75 / SF)
Buyer: TURTLE BAY ENTERPRISE LLC
Elifin’s Notes: An industrial property sells in the Venetian Isles area

3900 Prytania St
3900 Prytania St

Type: Multifamily
Price: Withheld
Buyer: ANK UPTOWN INVESTMENTS LLC
Elifin’s Notes: Investor purchases five separate multifamily properties


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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