Jerusalem Property Update: June 19, 2022

Jerusalem Property Update:

Different Apartments for Different Budgets

+ Timing Is EVERYTHING

(These are the thoughts of CapitIL Sales Director Ben Levene.)

Dear Readers,

When people are looking to buy property in German Colony, Katamon, and Talbiyeh, I am a big fan of new construction. Why? Because in the current market of so little supply, the relatively small supply that does exist can often be in projects which are new or in the middle of construction. They give massive benefits in terms of availability and having a choice to buy something currently. If you have got 2-3 million dollars, often the best choice is new constructions. The question is, when is new not always best?

CLICK HERE to keep reading the blog about why new projects may NOT be for you.

To look at different apartment options for different budgets, keep reading!


Apartments for Sale in the $700,000 USD Range:

Great Holiday Home or Investment Opportunity!

We have recently been working on this brand new building in Ashkelon! There are two buildings- one is finishing soon, and the other in about 15 months.

Location: Right off the Ashkelon Marina, which is a beautiful marina filled with incredible resteraunts including extensive kosher options.

Size: Approximately 1200 SQFT plus balcony

Amenities: large spacious lobbies, lovely gym in each building, parking, storage, and beautiful balconies.

View: There are some options with sea view, if that is important to you, please inquire.

Floor: Options on floors 4-20

Pricing:

Floor 4 starts at 2,250,000 NIS (approximately $651,000 USD)

Floor 20 starts just under 3,000,000 NIS (approximately $870,000 USD)


Apartments for Sale in the $1 Million USD Range:

3 Bedroom Apartment in NEW TAMA 38 Project

Location: Ein Tzurim, Arnona

Building Type: TAMA 38 Project

Apartment Type: Brand new

Size: 1100 SQFT

Bedrooms: 3

Bathrooms: 2

Extras: Balcony, AC

Asking price: 3,250,000 NIS (approximately $940,000 USD).

NEWLY RENOVATED Apartment in Charming Building

Location: HaAri, Rehavia

Building Type: Charming Jerusalem stone

Apartment Type: Renovated to a high standard

Size: 1075 SQFT

Bedrooms: 3

Bathrooms: 2

Extras: 2 balconies (one sukkah, one not)

Asking price: 3,950,000 NIS (approximately $1,140,000 USD).


Apartments for Sale in the $2-2.5 Million USD Range:

Create Your Own Luxury 5 Bedroom Penthouse in Heart of Katamon

Location: Old Katamon

Building Type: TAMA 38 Project

Apartment Type: Brand new, combines two units to create this 5 bedroom penthouse

Size: 1800 SQFT

Balcony: 400 SQFT

Bedrooms: 5

Bathrooms: 3.5

Extras: Totally customizable, beautiful lobby, luxury finishes, elevators, private parking.

Approximate Finish: 2.5 years

Asking price: 8,150,000 NIS (approximately $2,400,000 USD).

The following plan is a concept, you are able to change it subject to the builder’s approval.

 


Apartments for Sale in the $3-5 Million USD Range:

CHIC Penthouse in the Greek Colony

Location: Reish Lakish, Greek Colony

Building Type: Renovated to a luxurious standard

Size: 1900 SQFT

Bedrooms: 4

Bathrooms: 2.5

Balconies: 2 large sukkah balconies totaling 850 SQFT

Extras: High-end lighting and carpentry, amazing views, 2 parking spots

Asking Price: 11,500,000 NIS (approximately $3,300,000 USD)

LUXURY Penthouse in the Heart of Baka with POOL

Location: Park 8, Baka

Building Type: New finished luxury project

Apartment Type: Luxurious

Size: 2335 SQFT

Bedrooms: 4 (2 suites)

Bathrooms: 3

Balconies: Sukkah balcony, rooftop with private pool

Sale Price: 14,500,000 NIS (approximately $4,200,000 USD)

Have a great week!

See our available Jerusalem real estate properties and luxury Jerusalem apartments here.

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