NOT LISTED FOR SALE

3535 Magazine St New Orleans, LA 70115

Milan Neighborhood
-- Bed
-- Bath
28,713 Sq Ft
0.26 Acres

Last Sold November 03, 2021

296 Days on Market

About This Home

As of November 2021

Iconic Neoclassical historic building located in the heart of Uptown on an oversized corner lot facing Magazine Street. Extraordinary redevelopment opportunity featuring 3 floors w/ approx. 28,713 sq. ft., original working freight elevator, retail, office & warehouse space. Built-in 1925, by Jefferson Motor Company (JMC), there have only been 2 owners to date & current tenant has occupied this location for 60+ years. Building is being sold subject to existing tenant’s lease, off-street parking, zoned HU-B1.

Last Agent to Sell the Property

Katie Witry

Witry Collective, L.L.C. License #995710150 Listed on: 12/11/2020

Co-Listed By

JACK EGLE'

Felicity Property Co., LLC License #995704008

Last Buyer's Agent

Kirsten Early

SRSA Commercial Real Estate, Inc. License #000043323

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $54,049

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 96 x 120
  • Oversized Lot
  • Rectangular Lot
  • Historic Home
  • Zoning described as HU-B1

Home Design

  • Cosmetic Repairs Needed
  • Brick Exterior Construction

Interior Spaces

  • 28,713 Sq Ft Home
  • Property has 3 Levels

Location

  • City Lot

Community Details

  • Touro Bouligny Association

Listing and Financial Details

  • Tax Lot A
  • Assessor Parcel Number 701153535MagazineSTA

Property Details

Property Type

Other

Est. Annual Taxes

$54,049

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 96 X 120
  • Co List Office Mls Id: FELI15
  • Co List Office Phone: (504) 586-8305
  • Directions: Head Uptown on St. Charles Avenue, left on Louisiana Ave., right on Magazine Street, property on the right.
  • Architectural Style: Historic/Antique
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Mixed Use, Other, Retail
  • Year Built Details: 95
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 3
  • Year Built: 1925

Interior Features

  • Living Area: 28713.0

Exterior Features

  • Lot Features: City Lot, Oversized Lot, Rectangular Lot
  • Construction Type: Brick, Concrete
  • Property Condition: Repairs Cosmetic, Resale

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Touro-Bouligny

Lot Info

  • Parcel #: 701153535MagazineSTA
  • Zoning Description: HU-B1
  • Zoning: HU-B1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Oct 29, 2021
Sold by
Wright Linda Samantha and Perkowski Linda C
Bought by
Vre 3535 Magzine Llc
Seller's Agent
Katie Witry
Witry Collective, L.L.C.
Buyer's Agent
Kirsten Early
SRSA Commercial Real Estate, Inc.
List Price
$7,150,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Outstanding Balance
$46,134,740
Interest Rate
2.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 23, 2016
Sold by
Schindler Dianne Perkowski
Bought by
Magazine 3535 Llc A Limited Liability Co
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vre 3535 Magzine Llc $2,650,000 Attorney
Magazine 3535 Llc A Limited Liability Co -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vre 3535 Magzine Llc $50,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold -- -- --
10/04/2021 10/04/21 Pending -- -- --
12/11/2020 12/11/20 For Sale $7,150,750 -- $249 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $54,049 $388,590 $51,570 $337,020
2024 $54,826 $388,590 $51,570 $337,020
2023 $52,149 $377,340 $40,320 $337,020
2022 $52,149 $351,860 $40,320 $311,540
2021 $46,812 $309,090 $40,320 $268,770
2020 $66,144 $429,840 $40,320 $389,520
2019 $29,767 $197,030 $40,320 $156,710
2018 $31,639 $197,030 $40,320 $156,710
2017 $30,524 $197,030 $40,320 $156,710
2016 $31,442 $197,030 $40,320 $156,710
2015 $32,181 $205,670 $23,040 $182,630
2014 -- $205,670 $23,040 $182,630
2013 -- $205,670 $23,040 $182,630
Source: Public Records

Agents Affiliated with this Home

  • Katie Witry

    Seller's Agent in 2021

    Katie Witry

    Witry Collective, L.L.C.

    (504) 919-8585

    21 in this area

    262 Total Sales

    Katie Witry
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    JACK EGLE'

    Felicity Property Co., LLC

    2 in this area

    17 Total Sales

    JACK EGLE'
    Section Image

  • K

    Buyer's Agent in 2021

    Kirsten Early

    SRSA Commercial Real Estate, Inc.

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2279130

APN: 6-14-2-003-06

Louisiana Orleans Parish New Orleans 70115 Milan

3535 Magazine St, New Orleans, LA

This home is located at 3535 Magazine St, New Orleans, LA 70115 since 11 December 2020. This property was built in 1925. 3535 Magazine St is a home located in Orleans Parish with nearby schools including Rooted School and Warren Easton Senior High School.

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