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Corporate Realty Leasing Company Acquires Single Family Property In New Orleans For $2.5M
SOLD
$2,500,000
Louisiana
See Similar DealsSingle Family7,703 SF
Sold
SOLD
Corporate Realty Leasing Company Acquires Single Family Property In New Orleans For $2.5M
521 Governor Nicholls Street
See Similar DealsSingle Family7,703 SF
Sold
Summary
LOUISIANA
Asset Type:Single Family
Price Per Square Foot:$324
Total Square Footage:7703 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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