4223 ST CLAUDE Avenue New Orleans, LA 70117
COMMERCIAL - New Orleans, LA
- Added:
- Oct 13, 2025
- Days on Market:
- 273
- Last Refresh:
- Jul 12 at 11:06 am
Property Features for 4223 ST CLAUDE Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMC-2
- Standard status
- Active
- APN
- SQ 413 LOT 1 OR 7
- Size
- 2,828 SF
Taxes and HOA fees
- Tax Description
- SQ 413 LOT 1 OR 7 ST CLAUDE 27X120 GEN BUS.1380 SF FT 4. RES 1380 SQ FT 5. 2/STORY FR STORE
Utilities
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
Listing agent Katie Witry License #995710150 (504) 453-2277
Listing office Witry Collective, L.L.C. 3640 Magazine St, New Orleans, LA (504) 291-2022
Listing date Oct 13, 2025
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Upstairs features original wood floors, two covered porches, and a layout with an open kitchen and an original chimney separating the kitchen and dining area. The apartment includes three independent bedrooms and one large bathroom with 9-foot ceilings. The property has two central systems and includes an exterior storage area of 78 square feet with outdoor plumbing.
The property is in Flood Zone X and has a termite contract. It qualifies for state and federal historic tax credits and is located in the HMC-2 Historic Marigny/Treme/Bywater Commercial District, which supports lots of permitted uses.
Key Highlights
- Historic building originally built in 1926; renovated in 2016 into a cafe with a 3‑bedroom apartment upstairs
- Owner‑operator layout: cafe space on the first floor with 11 ft ceilings, store front glass, large windows, seating area, and built‑in counter service
- First‑floor amenities include a large pantry/storage, outdoor plumbing, and natural gas cooking equipment: 60" range (6 burners), 24" griddle, and 2 ovens
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.3k | $19.20 |
| − Vacancy | −$1.1k | −$0.38 |
| EGI | $53.2k | $18.82 |
| − OpEx | −$13.3k | −$4.70 |
| NOI | $39.9k | $14.11 |
Alternative Uses
Property Analytics
Current Use by Public Records
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