Gulf South Multifamily · Investment Sales & Advisory
Falstaff Apartments presents investors with the rare opportunity to acquire a historic multifamily asset located just minutes from Downtown New Orleans. Originally constructed as the iconic Falstaff Brewery, the property offers unique architectural character and strong intrinsic value at a basis well below replacement cost. The property offers new ownership the ability to implement a comprehensive renovation program, repositioning the asset from its prior affordable-housing use to a market-rate community. Renovated product within a two-mile radius achieves average rents of $1,641 per month ($1.68 PSF), providing substantial upside potential. Falstaff Apartments is ideally located within walking distance of the New Orleans VA Hospital, a $1 billion, 1.6 million-square-foot medical campus situated on 31 acres. The VA complex, along with the adjacent University Medical Center and BioDistrict, represents one of the largest employment hubs in the city, driving sustained rental demand in the surrounding submarket.
