The Pulse NOLA: Sale Transactions Recorded Last Week and Permit Data

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

Commercial Sales Recorded Last Week

1629 Washington Ave
1629 Washington Ave

Type: Multifamily
Price: $2,400,000 ($96,000 / Unit)
Buyer: 1629 Washington
Elifin’s Notes: Washington Avenue 25-unit complex, a block off of St. Charles Avenue, sells to local investor.

1427-1429; 1435-1437 N Derbigny St
1427-1429; 1435-1437 N Derbigny St

Type: Multifamily
Price: $1,500,000 ($187,500 / Unit)
Buyer: T&N INVESTMENTS LLC
Elifin’s Notes: Two four-plexes in the Trem é neighborhood sell to local investment group.

4543-4545 Urquhart St
4543-4545 Urquhart St

Type: Multifamily
Price: $640,000 ($106,667 / Unit)
Buyer: IRIS ROSE REALTY LLC
Elifin’s Notes: Saint Claude neighborhood 6-unit complex, with 8 beds and 6 baths, is sold to an out-of-state investor.

129-133 Camp St, New Orleans, LA 70130
129-133 Camp St

Type: Retail
Price: Withheld
Buyer: RISNA LLC
Elifin’s Notes: In the heart of downtown New Orleans, this 4-floor nearly 11,000 sq ft restaurant/reception property sells to local investor.

416-420 Chartres St
416-420 Chartres St

Type: Retail
Price: Withheld
Buyer: FQB NOLA REAL ESTATE LLC
Elifin’s Notes: Legendary K-Paul’s Restaurant 11,000 sq ft space sold to local investor.

621 Elysian Fields Avenue
621 Elysian Fields Avenue

Type: Retail
Price: Withheld
Buyer: 621 Elysian Fields Group LLC
Elifin’s Notes: The America Aquatics Garden buildings and nearly 27,000 sq ft lot, at the center of the Marigny neighborhood, sold to local investor.


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®
Elifin Realty
marketing@elifinrealty.com
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