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600 Atlantic Ave
New Orleans, LA 70114
Asking Price
$2.50M
Asset Type
Commercial Land
Class
Class B
What's Special
600 Atlantic Ave, New Orleans, LA 70114 <ul><li>Excellent Location: Algiers Point between Old Algiers and Federal City</li><li>Significant Scale: 5.73 acres</li><li>Optimal Commercial Zoning: HU-MU zoning allows a multitude of uses</li><li>Vacant Parcel: No demolition needed</li><li>Low Price: excellent land acquisition basis of $10 PSF</li></ul>
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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631
