Jerusalem Property Update:
Different Apartments for Different Budgets
+ Timing Is EVERYTHING
(These are the thoughts of CapitIL Sales Director Ben Levene.)
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
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
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
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
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
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)
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.