The apartment in Ben Yehuda.
With a warning note only (Photo: Ma'ayan Harakham)
Last week, a 3-room apartment of 80 square meters was sold on Ben Yehuda Street in Tel Aviv, completely renovated, after TMA 38, with a peripheral balcony of 15 square meters, for NIS 4.5 million. The apartment was sold to a non-Canadian resident by Maayan
Harkam from the Wellspring Israel office and the transaction reflects a price of NIS 56,000 per square meter.
Harkam says that the apartment was offered on the market already about a year ago for NIS 4.3 million, although at that time the seller, a resident of France, retracted her decision to sell.
Recently, the apartment went on the market again, and was sold immediately to the Canadian foreign resident who was interested in the apartment already about a year ago, even though the apartment was registered in favor of the buyer with a warning note only.
Online transaction
Ben Yehuda Street is considered one of the most sought after streets in Tel Aviv, benefiting from its proximity to the sea, starting from Allenby Street and continuing north towards the port.
However, in the last two years the street has been considered one of the most blocked in Tel Aviv, so most of the cafes and shops on it are closed and access to the residential buildings is completely blocked.
This also happens in the building where the deal was made.
Despite this, the fabric describes, that the buyer did not want to compromise on the price but to end the deal quickly.
"The Canadian buyer saw the apartment once, and the deal was signed online. The entire street is completely blocked off, the access to the building is also very problematic. The buyer was not deterred, he intends to immigrate and live in Israel and knows that it is only a matter of time. He will suffer for a while, but later He will have an apartment close to the sea with access to anywhere in the city, without the need for a car."
"In my opinion, the apartment does not reflect an increase, but an immediate demand from a foreign resident who was "hot" for the apartment. We were in contact about it throughout the year. I had another client, an Israeli, who was also interested in the apartment, but was dependent on the mortgage, so he decided to give up. Seeing things, in this period, the buyers have the upper hand and you should take advantage of the opportunity."
Were there interesting opportunities in your city as well?
These were the transaction prices last week:
Rishon LeZion (Photo: ShutterStock)
Rishon Lezion
3-room apartment on Ahiezer Street, 60 square meters, 1st floor out of 4, no elevator, shared parking, sold for NIS 1.55 million (Anglo Saxon Rishon Lezion)
Tel Aviv
5-room apartment, Machal Street, Kafir neighborhood, 130 square meters, 14 square meters balcony, floor 11 out of 13, parking, elevator, sold for NIS 3.7 million (Tel Aviv RE/Max Ocean)
3-room apartment, Haim Bar Lev Street, Levana neighborhood, 70 square meters, 4th floor out of 8, elevator, sold for NIS 2.15 million (Tel Aviv Re/Max Ocean)
Rosh HaAyin
4-room apartment, Gluska Street, 107 square meters, balcony 12 square meters, floor 7 out of 9, parking, elevator, sold for 2.45 million shekels (Rosh Ha'Ein Re/Max Trend)
4-room apartment, Shabazi Street, 98 square meters, 3rd floor out of 7, parking, elevator, sold for NIS 2.6 million (Rosh Ha'Ein Re/Max Trend)
4.5 room apartment, Ben Gurion Street, 125 square meters, balcony 33 square meters, floor 4 out of 7, parking, elevator, sold for NIS 2.82 million (Rosh Ha'Ein RE/Max Trend)
Herzliya
Detached, 5 rooms and basement on Ahi Dekar St., built 260 square meters in an area of 400 square meters, sold for NIS 8.8 million (Anglo Saxon Herzliya Pituach)
Rent
: A villa on Zohar Tal Street, 450 square meters in an area of 800 square meters, with a pool, rented for NIS 35,000 per month (Anglo Saxon Herzliya Pituach)
For rent
: 5-room apartment on Yehoshua Ben Nun St., 138 square meters, in a building with a swimming pool and parking, 1st floor out of 9, rented for NIS 11,500 per month (Anglo Saxon Herzliya Pituach)
Netanya
5-room apartment, Yosef Lapid Street (in the Lagoon project), 300 square meters, on the 28th floor, 4 parking spaces, 2 warehouses, sold for 9.36 million shekels (Yonathan Ben Oliel Re/Max Blue and White Netanya)
forward
An upgraded private house of about 230 square meters built on a 330 square meter lot, sold for 5.070 million shekels (Meli Levy and Shay Apota from the brokerage firm B&S Real Estate Group)
earing
4-room apartment, Barkat Street, 97 square meters, 18 square meters balcony, 3rd floor out of 6, parking, elevator, sold for 1.695 million shekels (Harish Re/Max the new city)
Nahariya
3-room apartment, Steinmetz Street, 90 square meters, 3rd floor out of 4, sold for NIS 1.06 million (Nahariya RI/Max Halutz)
Real estate
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