The Real Deal Miami

Dizengoff buys 160 units at whi

July 16, 2010 09:45AM

Bermuda Cay in Boynton Beach

Israel-based Dizengoff-Trading Group has purchased 106 units at the
Bermuda Cay condo in Boynton Beach this week for an average price of $78
per square foot. The project, which was built in 1975 and converted
into a condo in 2005, has 160 total units. The $78 per square foot price
amounts to a 78 percent discount to the average selling price during
the boom. The bulk purchase is the company’s fifth major investment in
Florida real estate in the past 12 months. Bermuda Cay is located at the
intersection of East Woolbright Road and South Federal Highway on the
Intracoastal. TRD