Thursday, June 7, 2012

Upscale flat sold for $6m in Jaffa

A five bedroom flat with a size of ​​430sqm was sold for just under $6m in the Andromeda project in Jaffa. The property includes a 150sqm terrace, four underground parkings and a store room. It is located on the fourth floor of the last building and was sold for NIS 22.8m, making it the most expensive flat sold so far in the project.

The flat was owned by a non-resident French family and the new owner is also a non-resident French national. The property was sold with all of its content and is therefore ready to live in. The seller was able to obtain such a high price because of the exceptional size of the property: it was originally 3 separate flats which were united by the original purchaser during the construction stage of the complex.

This transaction continues to show that Jaffa is indeed the place to be when it comes to prime real-estate. With a price of $14,000 per square meter, that makes it on par with some of the best neighborhoods in Tel Aviv.

Source The Marker

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