The Papillon Apartments

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30138199
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: See Agent
Building Size (RSF): 101,552 SF
Gross Building Area: See Agent
Sale Price: $1
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/5/2018

Overview / Comments

The Papillon Apartments is a five (5) story, one hundred sixteen (116) unit apartment property located adjacent to the recently renovated Pontchartrain Hotel, a beautifully appointed, fourteen (14) story, 106 room, circa 1927 hotel.

Built in 1986, the Papillon contains sixty nine (69) one bedroom units, forty-three (43) two bedroom units, and four (4), three (3) bedroom units.

There are seventy-nine (79) parking spaces in the ground floor garage. In addition, included with the property is a separate parking lot that fronts Carondelet Street (2013 Carondelet Street) and provides twenty one (21) additional spaces.

Constructed upon a land parcel of 38,899 square feet, the Papillon is located at the corner of Josephine Street and Carondelet Street. It is zoned MU-1, Medium Intensity Mixed-Use District. Permitted uses are multi-family apartments, hotel, office, and many other use types. The ancillary unimproved lot at 2013 Carondelet Street contains 3,510 square feet.

The Papillon has a one-story parking garage located
on the first floor with seventy-nine (79) parking
spaces. In addition, there is a twenty-one (21) space
surface parking lot located at 2013 Carondelet (across
the rear of the facility).

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41220090

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,880 201,065 398,829
Median Age: 36.77 35.71 37.07
Households: 14,590 86,462 166,432


Photograph of Listing Agent

Michael J Siegel

Corporate Realty - Main Office New Orleans, LA 70170-0000
Photograph of Listing Agent

Hayden W Wren, III

Corporate Realty - Main Office New Orleans, LA 70170-0000
Photograph of Listing Agent

Bennett K Davis

Corporate Realty - Place St. Charles New Orleans, LA 70170-0000
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