A 2-room penthouse apartment with an area of 35 square meters and another roof terrace with an area of 10 square meters was sold for NIS 2.82 million on Ovadia Street of Bartanora in the old north (3rd district) of Tel Aviv. The apartment is on the 4th floor out of 4, without parking.
Ovadia Street from Bretanora is small and one-way, parallel to Nordau Boulevard and close to Dizengoff Street. “The street is in great demand and every apartment in it sells quickly,” says Maoz Haralaf of Concord Properties, who represented both parties in the transaction. According to him, the apartment was rented until recently for NIS 6,400 per month.
Haralp: “In Tel Aviv there are not many penthouses on the market because of their uniqueness. Owners of such apartments may receive a penthouse apartment in a future TAMA project, therefore those who own such a property in an old building in Tel Aviv will not be in a hurry to sell it.”
The marketing price set for the apartment was high, and it stood on the shelf for three months until the sellers compromised on the price. “Six months ago, such an apartment would have sold for NIS 3.2 million. We went on the market for NIS 3.25 million, and at the end the apartment was sold for NIS 2.82 million. Throughout the marketing period, we received 25 inquiries from interested parties, four of whom submitted offers. During the marketing, the market began to freeze And the sellers – who wanted to sell – decided to compromise on the amount. This is the explanation for the gap between the marketing price and the closing price.”
However, Haralp is convinced that the apartment was sold at a high price. “10 square meters of the roof are attached to the apartment in the condominium deed, which is like ownership. Another 80 square meters on the roof are attached to the apartment for free use. The buyer is an investor who promotes TAMA 38 projects who purchased the apartment because of its potential.”
According to the Madlan website, the average price per square meter in the old north is currently NIS 66,000 per square meter, and the average monthly rent is NIS 8,600.
Appraiser’s assessment: “A typical price in the neighborhood for such apartments”
Ushri Aharoni, an economist and expert real estate appraiser in Tel Aviv, explains that considering the price increases that have occurred in the last two years, this transaction cannot be seen as a way to decrease the price.
According to him, “the apartment is in a prestigious location, close to the Basel complex, to gardens and schools. It is a unit on the first floor, and it has a unique roof terrace, and therefore the price per meter embodied in this transaction, about NIS 65,000 per square meter for small apartments, characterizes the sale prices in the neighborhood for such apartments.” .
were sold
Beer Sheva
On Jericho Street in the 9th neighborhood, a 4-room apartment, 110 square meters, floor 8 out of 8 with an elevator, including parking, for one million shekels.
On Shaul Hamelech Street in neighborhood 11, 3.5 room apartment, 87 square meters, 4th floor out of 4, for NIS 610,000.
On Hana Sanesh Street in neighborhood C, 2-room apartment, 45 square meters, 2nd floor out of 3, for NIS 640,000.
On Bnei Or Street in neighborhood B, a 4-room apartment, 78 square meters, 3rd floor out of 3, for NIS 840,000.
On Live Yaffe Street in neighborhood C, 3-room apartment, 76 square meters, 3rd floor out of 3, for NIS 720,000.
On David Wolfson Street in neighborhood C, 4-room apartment, 91 square meters, 2nd floor out of 3, for NIS 815,000. (Re/Max Plus)
Haifa
On Leon Blum Street in the Hadar Elion neighborhood, a 4-room apartment, 100 square meters, 4th floor out of 4, for NIS 1.25 million.
On Leon Blum Street in the Hadar Elion neighborhood, a 2-room apartment, 50 square meters, floor 7 out of 8 with an elevator and parking, for NIS 800,000.
On Meir Rothberg Street in the German Colony, a 3-room apartment, 100 square meters, 30 square meters balcony, ground floor out of 3, for NIS 1.4 million. (Re/Max City)
Kiryat Motzkin
On Kadish Luz Street, 4-room apartment, 80 square meters, 16 square meters balcony, 2nd floor out of 6 with elevator and parking, for NIS 1.34 million.
On Acre Road, 2.5 room apartment, 50 square meters, 2nd floor out of 2, for NIS 830 million.
On Kadish Luz Street, 3-room apartment, 76 square meters, 2nd floor out of 4, for NIS 910,000. (Re/Max Family)
earing
On Oren Street, 4-room apartment, 103 square meters, 12 square meters balcony, 6th floor out of 8, with elevator and parking, for NIS 1.63 million.
On Sapir Street, 4-room apartment, 96 square meters, balcony, 2nd floor out of 5, parking, for 1.5 million shekels. (Re/Max New City)
Bat Yam
On Livorno Street, 3-room apartment, 84 square meters, 8th floor out of 9 with an elevator, for NIS 1.77 million (Re/Max Center)
Mevaseret Zion
On Shabi Zion Street in Mevsaret Zion, two-family house 6 rooms + 3-room yielding unit, 232 square meters, garden about 240 square meters, for NIS 5.5 million. (Anglo Saxon)