The Pulse NOLA: The Prytania Park Hotel sells to local investor

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

Commercial Sales Recorded Last Week

1525 Prytania St
1525 Prytania St

Type: Hospitality
Price: $2,115,000 ($35,847 / Unit)
Buyer: DREAMING TREE INVESTMENTS LLC
Elifin’s Notes: In one of five transactions, a local investment entity purchases The Prytania Park Hotel, 59-units, in the Lower Garden District

3197 Richland Ave
3197 Richland Ave

Type: Office
Price: $2,050,000 ($179.87 / SF)
Buyer: Sanctuary Holdings, LLC
Elifin’s Notes: Keller Williams office on Richland Ave purchased by local dermatologists.

1808 Prytania St
1808 Prytania St

Type: Multifamily
Price: $1,378,629 ($106,048 / Unit)
Buyer: CDJ MIAMI LLC
Elifin’s Notes: Two multifamily properties, one 9-units and the other 4-units, sell in the Lower Garden District

1612 Prytania St
1612 Prytania St

Type: Hospitality
Price: $775,000 ($48,438 / Unit)
Buyer: GRAY STREET INVESTMENTS LLC
Elifin’s Notes: In one of five transactions, a local investment entity purchases The Prytania Oaks Hotel, 16-units, in the Lower Garden District

5040 Westbank Expressway
5040 Westbank Expressway

Type: Retail
Price: $650,000 ($162.78 / SF)
Buyer: Miche Designs LLC
Elifin’s Notes: Owner of Miche Designs purchases building where gift shop is located.

781 Behrman Hwy
781 Behrman Hwy

Type: Office
Price: $650,000 ($29.07 / SF)
Buyer: Julie T Do
Elifin’s Notes: Two-story office building sells in Terrytown.

5572 Canal Blvd
5572 Canal Blvd

Type: Office
Price: $590,000 ($218.52 / SF)
Buyer: BONCK, JAY MARION; BONCK, ERIN MCDONALD
Elifin’s Notes: An office & warehouse property sells in the Navarre area

1625 Prytania St
1625 Prytania St

Type: Hospitality
Price: $560,000 ($46,667 / Unit)
Buyer: OAB INVESTMENTS LLC
Elifin’s Notes: In one of five transactions, a local investment entity purchases The Queen Anne Hotel, 12-units, in the Lower Garden District

5624 Pepsi St
5624 Pepsi St

Type: Industrial
Price: $465,000 ($59.27 / SF)
Buyer: Piazza 5, LLC
Elifin’s Notes: Warehouse in Elmwood Industrial Park sold.

1526 Melpomene St
1526 Melpomene St

Type: Land
Price: $312,250
Buyer: MELPOMENE RISING INVESTMENTS LLC
Elifin’s Notes: In one of five transactions, a local investment entity purchases two parcels of vacant commercial land, combining for 0.08+ acres, along Melpomene Street in the Lower Garden District

1215 Clearview Pkwy
1215 Clearview Pkwy

Type: Office
Price: $225,000 ($203.62 / SF)
Buyer: KST Realty LLC
Elifin’s Notes: Former credit union building on Clearview Parkway sells to neighboring owner of ECM Consultants.

140 Louisiana St
140 Louisiana St

Type: Retail
Price: $148,000 ($73.09 / SF)
Buyer: Candrassa Meredith
Elifin’s Notes: B & Q Grocery in Westwego sells.

3212 Jefferson Hwy
3212 Jefferson Hwy

Type: Mixed-Use
Price: Withheld
Buyer: Fast Stop Realty LLC
Elifin’s Notes: Neighboring gas station group purchases mixed use residential/retail property.

3939 Houma Blvd
3939 Houma Blvd

Type: Office
Price: Withheld
Buyer: 3939 Houma LLC
Elifin’s Notes: Dr. Ricardo Febry purchases two medical office condos in Doctors Row.

3524 Severn Ave
3524 Severn Ave

Type: Retail
Price: Withheld
Buyer: Faust LLC
Elifin’s Notes: Former Riccobono’s Peppermill building on Severn Ave sold.

1533 Terpsichore St
1533 Terpsichore St

Type: Land
Price: Withheld
Buyer: TERPSICHORE RISING I INVESTMENTS LLC
Elifin’s Notes: In one of five transactions, a local investment entity purchases a parcel of land, 0.06+ acre, in the Lower Garden District

5400 Magazine St
5400 Magazine St

Type: Retail
Price: Withheld
Buyer: BOUTIQUE JEFFERSON LLC
Elifin’s Notes: Through the course of two transactions, a neighboring business owner purchases a multi-faceted retail location at Magazine Street and Jefferson Avenue


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
No Comments

Post A Comment