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The crazy price at which an apartment in Tel Aviv was sold

Jaffa Tel Aviv A construction company sold an apartment in Tel Aviv at a price of over NIS 80,000 per square meter - NIS 8.4 million in total. And what does it include?

Walla!

Real Estate

18/05/2022

Wednesday, May 18, 2022, 12:14 p.m.

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Location: Hebron 6 in Tel Aviv.

The price: NIS 8.4 million for an apartment of 104 square meters. We know, you are not dealing with small money and are looking for something a little more expensive, but in any case you should read what it is about

. Jaffa Tel Aviv carried out the entire planning process thoroughly and after obtaining a building permit. At the beginning of the year, it began marketing the apartments after Passover.

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In 2025 they will enter.

Simulation of the apartment on Hebron Street (Photo: Totem Simulations)

The building was designed by Gal Peleg Architects and will include 6 apartments, an apartment on each floor with a mix of 4 apartments of the same size of 104 sqm + 8.5 sqm balconies, a garden apartment of 110 sqm + 84 sqm garden and penthouse duplex of 172 Sqm and 53 sqm balcony.

Each apartment will receive parking and the penthouse apartment will receive two.

Construction is expected to be completed during 2025.

The apartment, which was sold at a cost of NIS 8,400,000 million, reflects a price of over NIS 80,000 per meter.

The buyers are a couple in their 80s who were looking for an apartment in the center of Tel Aviv and have now found what they are looking for.

Just two months ago, another project of the company on Sheinkin Street 50 sold an apartment for NIS 10.4 million, reflecting a price of over NIS 90,000 per meter.

Is it worth the money? (Photo: Totem Simulations)

Zuri Saada, CEO and owner, said: "The building was purchased by our company in the previous decade.

After a complex and lengthy planning process, our company decided to give up the original design of the project that included small apartments (two apartments on the floor) and build a masterpiece that includes a single apartment on each floor and thus adapt the project to our customers.

In contrast to the conservation buildings in which our company specializes, the Hebron 6 project is a new building which was built with light conservation motifs.

It was important to our company to preserve elements from the world of conservation.

The project will include a reduction to details that are expressed in the quality of construction and the highest level of finish that can be found on the market today. "

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