Updated Dec 4, 2024
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
New Orleans Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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