The Pulse NOLA: Your Weekly Sales plus Elifin named Company of Year by Business Report

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

Business Report names ELIFIN® Company of The Year


Commercial Sales Recorded Last Week

608 Farmington Pl, 1960 Daniels Rd
608 Farmington Pl, 1960 Daniels Rd

Type: Multifamily
Price: $13,044,231 ($42,909 / Unit)
Buyer: TERRYTOWN RESIDENCES LLC
Elifin’s Notes: Local investor Imad Hamdan purchases the Louisburg Square Apartments, 304 units with 1BR/1BA, 2BR/1BA, and 3BR/2BA configurations, in the Terrytown/Gretna area

1801 Hector Street, 1800 Hector St

Type: Multifamily
Price: $4,805,769 ($42,909 / Unit)
Buyer: HECTOR RESIDENCES LLC
Elifin’s Notes: Local investor, Imad Hamdan purchases the Alexas Gardens Apartments, 112 units with 1BR/1BA and 2BR/1BA configurations, in the Terrytown area

225 E Airline Hwy

Type: Land
Price: $3,000,000 ($7.87 / Land SF)
Buyer: PINGREE 2000 REAL ESTATE HOLDINGS LLC
Elifin’s Notes: Missouri-based company purchases approximately 7.93 acres on one parcel and 0.85 on another parcel of land near the MSY Airport in the Oakland Plantation area

1300 Bolo Ct
1300 Bolo Ct

Type: Multifamily
Price: $790,000 ($79,000 / Unit)
Buyer: 1300 BOLO LLC
Elifin’s Notes: Local investor purchases a three-story, 10-unit, multifamily building in the Bridge City area

1120 Freret St
1120 Freret St

Type: Industrial
Price: $543,000 ($116 / SF)
Buyer: UNCOMMON CONSTRUCTION INC
Elifin’s Notes: Local organization purchases a two-story 4,700 sq ft warehouse with office space in the Central City area

4820 Banks St
4820 Banks St

Type: Industrial
Price: $415,000 ($91 / SF)
Buyer: BURNT CANOE STUDIO LLC
Elifin’s Notes: Local purchaser acquires a 4,541 sq ft Warehouse with separate rooms for office and residential configurations plus a large workspace in the Mid-City area

2625 Marietta St
2625 Marietta St

Type: Industrial
Price: $385,000 ($77 / SF)
Buyer: CUSTOM MUFFLER&AUTO REPAIR LLC
Elifin’s Notes: Local Auto Repair Shop expands next door with the purchase of the adjacent 5,000 sq ft general industrial building and adjoining .20 acre lot in the Bainbridge Office & Industrial Park area

2330 Brooklyn Ave
2330 Brooklyn Ave

Type: Industrial
Price: $320,000 ($65 / SF)
Buyer: MM REALTY LLC
Elifin’s Notes: Local investors purchase an approximately 4,943 sq ft general industrial building, sitting on four lots of land in the South New Orleans area of Harvey

1120 Jefferson Hwy
1120 Jefferson Hwy

Type: Retail
Price: $220,000 ($74 / SF)
Buyer: HTL INVESTMENTS LLC
Elifin’s Notes: Local investors purchase a 2,973 sq ft general retail property, formerly the home of Liberto Cleaners, in the Hyman area of Jefferson

2043 Paxton St
2043 Paxton St

Type: Land
Price: $160,000 ($7.62 / Land SF)
Buyer: CWP HOLDINGS LLC
Elifin’s Notes: Local investors purchase 0.48 acres of land in the Oakmere Business & Office Park

4600 4th St
4600 4th St

Type: Retail
Price: $155,000 ($76 / SF)
Buyer: DABD PIRA PROPERTIES LLC
Elifin’s Notes: Local investors purchase an approximately 2,050 sq ft retail space in the Gitzinger area of Gretna


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