Tuesday, March 5, 2019

Marcus & Millichap Arranges $6.1 Million Sale of Nine-Unit Chateau Wein Apartments in Fort Lauderdale, FL


Chateau Wein Apartments
900 SE 2nd Street, Fort Lauderdale, FL


Ryan Nee
FORT LAUDERDALE, FL  Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Chateau Wein, a 9-unit apartment building located in Fort Lauderdale, Fla., according to Ryan Nee, first vice president / regional manager of the firm’s Fort Lauderdale office.

The asset sold for $6,100,000 which equates to $677,778 per unit and is one of the highest price per units on record for Broward County.

Evan P. Kristol
”Chateau Wein was a one-of-a-kind, luxury boutique apartment building located in one of the most highly sought-after rental markets in the nation” states Evan P. Kristol, executive managing director of investments, in Marcus & Millichap’s Fort Lauderdale office.


  The property had been owned by the same family for almost ten years and is only one block from Las Olas Boulevard,” continues Alec G. Bashein, associate, in Marcus & Millichap’s Fort Lauderdale office.  Chateau Wein is located at 900 SE 2nd St in Fort Lauderdale. 

Alec G. Bashein
Originally constructed in 2008 as a luxury condominium, the Chateau Wein boasts single and two-story apartment homes averaging over 2,100 square feet with private elevator entrances, luxury finishes, high end appliances and fixtures, and spectacular views of Downtown Fort Lauderdale.

 Community amenities include two lobby entrances, a gated parking garage and a building generator.


Brandon J.
Rex
Kristol, Bashein, and Brandon J. Rex, senior vice president of investments, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.


CONTACTS:

Ryan Nee
First Vice President / Regional Manager
Fort Lauderdale
(954) 245-3400

Stephanie Carten
Marketing Coordinator
Marcus & Millichap
5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
(954) 245-3477 direct
(954) 245-3400 main
(954) 245-3410 fax
stephanie.carten@marcusmillichap.com



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