3-Room Apartment 90 m² — Perlstein Street, Vatikim, Bat Yam

Quick Facts

• Property Type: Apartment, secondary market (resale)
• Total Area: 90 m²
• Rooms: 3 (living room + 2 bedrooms, Israeli convention)
• Bathrooms: 1
• Toilets: 2
• Floor: Contact us for floor details
• Balcony: 2 m²
• Parking: 1 space
• Year Built: 2017
• Condition: Contact us for condition details
• Key Features:
  • Building elevator
  • Enclosed private parking space
  • Air conditioning
  • Mamad (ממ”ד) — reinforced safe room, mandatory in Israeli buildings constructed after 1992
  • Full disability access
  • 2 m² balcony

Property Description

90 m² resale apartment on Perlstein Street in Vatikim (Shikun Vatikim) — Bat Yam’s historic western district, 545 meters from the Mediterranean promenade, 8 minutes on foot. The building dates to 2017 and includes an elevator, an enclosed parking space, and full accessibility compliance throughout the entrance and common areas. This is an apartment for sale in Vatikim Bat Yam within walking distance of both the beach and the Red Line metro network.

The apartment has 3 rooms per Israeli convention — living room plus 2 bedrooms. In Israeli real estate, room count always includes the living room (salon) alongside the bedrooms; kitchens and bathrooms are not counted. Layout includes 1 bathroom, 2 toilets, a 2 m² balcony, and a mamad — the reinforced concrete safe room built into the unit per Israeli mandatory construction standards since 1992. Air conditioning is installed. Exact ceiling height, orientation, and internal condition are available upon viewing request.

The 2017 building provides modern structural standards: an elevator sized for accessibility, a single parking space registered to the unit, and a building entrance compliant with Israeli disability access regulations. The building’s quiet position on Perlstein Street places it within a residential-only block while keeping it 200 m from the main Balfour Street bus corridor.

Location Analysis

Transportation

Bus stop Balfour/Perlstein is directly outside the building; routes 1, 10, 15, 18, 25, 40, and 42 all stop here. Balfour Red Line station — 618 m, 9-minute walk — connects to central Tel Aviv in 15–22 minutes on the R1/R2 service. The Red Line runs daily from 05:30 with 3–6-minute peak frequency; no Saturday service. Highway 20 (Ayalon) access is available via Yoseftal Street, approximately 2 km east. Bat Yam–Yoseftal heavy rail station (Israel Railways — direct trains to Tel Aviv, Ashdod, Beer Sheva) is 2 km east.

Area Infrastructure

Rishonim School stands at Perlstein Street 20, 50–100 m from the property — directly on the same block. Pinocchio kindergarten (Bialik Street 20) is 200 m away. Medical Care rehabilitation and medical center (Abba Berdichev Street 13) is 800 m north. Tiv Taam supermarket (Ehud Kinnamon Street 14) is 1.3 km south — open seven days including Shabbat. Bat Yam Canyon (mall with Supermarket SuperDosh, restaurants, and retail) is 1 km east on Nissenbaum Street. The commercial strip on Balfour Street — pharmacies, cafés, service businesses — is 5 minutes on foot heading south.

Investment Perspective

Vatikim (Shikun Vatikim / Beit VeGan) secondary market trades at ₪19,000–23,000/m² (Madlan transaction data, Q4 2025 / Q1 2026). At 90 m², the indicative market range for this unit is ₪1,710,000–2,070,000. Comparable Bat Yam secondary stock in November 2025 recorded a 94 m² sale at ₪35,600/m² in a higher-demand sub-market, demonstrating the significant range within the city by floor, condition, and location. Tel Aviv equivalents trade 35–40% above Bat Yam across the board. The 3-room rental market in Vatikim runs ₪3,500–4,200/month, with gross yields in the district at 3.2–3.8% (Madlan / Yad2, Q1 2026). Over the decade 2014–2024, Bat Yam city-wide prices rose approximately 200% (CBS / NadlanCenter). Vatikim sits 8 minutes walk from the beach and 9 minutes from the Red Line — a combination that historically narrows the price gap between this district and the city’s higher-priced coastal zones.

Practical Information

Arnona (ארנונה — Israeli municipal property tax) is calculated per square meter annually and funds waste collection, road maintenance, street lighting, and municipal education services. For a 90 m² apartment in Bat Yam, the estimated annual arnona is ₪4,800–5,400 (approximately ₪400–450/month), billed bi-monthly. New immigrants (olim hadashim — עולים חדשים) are eligible for up to a 90% arnona discount on the first 100 m² for the first two years after aliyah.

Vaad bayit (ועד בית — monthly building maintenance contribution) covers lift servicing, common area cleaning, and building lighting. For a 2017 building without pool or gym, the typical range is ₪200–400/month.

Mas rechisha (מס רכישה — purchase tax): buyers purchasing their sole residential property pay 0% on the first ₪1,978,745 of the purchase price under 2025 Israeli Tax Authority brackets. Olim hadashim benefit from substantially reduced purchase tax rates for seven years from the date of aliyah.

Mashkanta (משכנתא — mortgage): Israeli banks extend mortgages to non-residents and new immigrants, subject to standard eligibility criteria. Bank of Israel regulations cap the mortgage-to-value ratio and require life and property insurance as conditions of financing.

Contact

To schedule a viewing or discuss this apartment, contact us at +972-50-923-3202 or [email protected].

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