In Bat Yam, at 1 Arik Einstein St., a duplex penthouse, 280 square meters, with six rooms, two balconies of 40 square meters each, on the 34th by 34th floor, with two regular underground parking spaces, was rented for NIS 20,000 per month .
The street is in Hayam Park, a new neighborhood, and the building is in the process of being occupied. “The building includes a gym with a 24/7 security guard,” say Dana Mondray and Avi Toito from the Keller Williams agency, who brokered the deal. “The property is first line to the sea with a panoramic view”. According to them, “the property was on the market for a month, during which time there were four interested parties, and it was rented at the marketing price. The rents for 5-room apartments in the area reach about 9,500 shekels per month, and the aforementioned property was rented for 20,000 shekels per month due to its uniqueness.” abroad, and according to them such a property costs about NIS 8.5 million.
Penthouse on Arik Einstein Street 1, Bat Yam / Photo: Dana Mundry
Price estimate:
A study prepared by the Geocartography Institute about the city indicates that “in the last decade, the construction of an average of 612 housing units per year began in Bat Yam, but in the last five years the average has risen to approximately 1,000 housing units per year. The mix of apartments in the city shows that “more than half of the apartments built are Apartments with 4-5 rooms, and apartments with 6 rooms or more make up 37% of all construction in the city.” The study shows that the share of those buying an apartment for investment increased in 2020 to approximately 31%, compared to 21% the previous year.
Penthouse on Arik Einstein Street 1, Bat Yam / Photo: Dana Mundry
Geocartography’s data, based on data from the CBS and the Madeleine website for October 2022, show that sales prices for 3.5-4 room apartments in Bat Yam are about NIS 2.27 million, which is about 30% higher than the national average and about 9% higher than the city average Nearby is Holon.
Itai Shafaran, the business development manager at the Geocartography Institute who prepared the report, commented on the deal and explained that the price is reasonable because there are no such properties from the Tel Aviv promenade to Bat Yam, “The property is located a few minutes’ walk from the beach and on the axis of the communes which is one of the central ones in Bat Yam and five minutes’ walk from the station The nearby light rail. Until now, Bat Yam was not on the luxury map. This project is actually the first step towards this. These rents reflect prices similar to the city of Yamim in Netanya.”
were sold
Tel Aviv
On Maafili Agoz Street in the Avni Chen neighborhood, a 3-room apartment, 67 square meters, 4th floor out of 4, for NIS 2.14 million. (Re/Max Ocean)
Haifa
On Einstein Street in the Ahuza neighborhood, a 4-room apartment, 115 square meters, 2nd floor out of 3, for NIS 1.57 million.
On Ahad Ha’am Street in the Herzliya neighborhood, a 3-room apartment, 85 square meters, 3rd floor out of 3, for NIS 720,000.
On Gat Street in the Ahuza neighborhood, a 5-room apartment, 145 square meters, 3rd floor out of 5 with an elevator, including parking, for NIS 3.56 million. (Re/Max Grand)
Rosh HaAyin
On Nellie Zaks Street, 5-room apartment, 135 square meters, 11 square meters balcony, 3rd of 4th floor with elevator, including parking, for NIS 2.87 million.
On Sheika Ofir Street, a 5-room penthouse, 160 square meters, floor 15 out of 15, including parking, for NIS 4.25 million.
On Ofra Haza Street, 4-room apartment, 104 square meters, 12 square meter sun terrace, 9th floor out of 20, including parking, for NIS 2.71 million. (Re/Max Trend)
Afula
On Oren Street, two-family house, 5 rooms, 140 square meters, garden 197 square meters, with parking, for NIS 2.84 million.
Katzir Street, mini penthouse 6 rooms, 150 square meters, balcony 140 square meters, floor 7 out of 8 with elevator, including parking, for NIS 2.03 million. (Re/Max 770)
Kiryat Malachi
On Nachalat Har Chabad street, 5-room apartment, 115 square meters, 3rd floor out of 3, for NIS 1.36 million. (Ree/Max Advances)
Nahariya
On Halutz Street, 3-room apartment, 72 square meters, 2nd floor out of 4, including parking, for NIS 800,000. (Re/Max Halutz)
Yavne
On the boat street, a 5-room garden apartment, 131 square meters, garden 150 square meters, floor 1 of 8 with an elevator, including parking, for NIS 3.78 million.
On Hanamal Street, 5-room apartment, 122 square meters, 25 square meters balcony, 8th floor out of 22, including parking, for NIS 3.3 million. (Re/Max TIME)