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521 Governor Nicholls Street

Updated Dec 4, 2024

Corporate Realty Leasing Company Acquires Single Family Property In New Orleans For $2.5M
SOLDSingle Family

Corporate Realty Leasing Company Acquires Single Family Property In New Orleans For $2.5M

521 Governor Nicholls Street

$2,500,000

$324/SF

Building Size

7,703 SF

Asset Type

Single Family

Closing

Jan 11, 2024

About this deal

AI

The single-family property located at 521 Governor Nicholls Street in New Orleans, LA has been sold for $2.5 million. The property spans across 7,703 square feet, resulting in a price per square foot of $325.

Summary of transaction details

  • Property Type: Single Family
  • Sale Price: $2,500,000
  • Square Footage: 7,703
  • Price per Square Foot: $325
  • Address: 521 Governor Nicholls Street, New Orleans, LA
  • Market: New Orleans, LA

Mariana Haussen from Corporate Realty Leasing Company represented the buyer in the transaction, successfully securing the acquisition of the property. Brigitte Fredy from Latter & Blum acted as the seller's representative in the deal.

Players

Brigitte Fredy

Latter & Blum

Broker

$2.5M

vol

1 deal

Broker

New Orleans Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $324 per square foot on a published $2.5M for 7,703 square feet (2024).

Visit Latter & Blum to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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