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| SHALOM FROM JERUSALEM TAMMUZ 5784 JULY 2024 NEWSLETTER #189 Urban Renewal Opportunities NEWS SELECTED PROPERTIES TAMA 38 Pinui Binui Existing Buildings RESALES LINKS TO PREVIOUS NL We continue to pray for the safety of our soldiers, for a refuah shelaymah to the wounded soldiers, for the immediate return of our hostages and total victory of good over evil. NEWS Urban renewal, TAMA 38, in Israel has sparked innovative construction within existing urban areas. 14 years ago, the Israeli government devised a groundbreaking solution to address several critical issues: the need to strengthen old buildings against earthquakes, the scarcity of land for new construction, and the resulting nationwide housing shortage. This TAMA 38 solution comprises 2 main methods for urban renewal projects: 1st is “Pinui-Binui” (evacuation and construction) 2nd involves reinforcing and expanding existing buildings. What is Pinui Binui? Pinui Binui (evacuation and construction) allows for the total replacement of old housing complexes and their outdated infrastructures with modern, innovative apartment buildings. These new structures feature upgraded communications, electricity, water supply, and sewage systems. Under this project, residents receive new and more spacious apartments without having to leave their familiar neighborhoods. Pinui Binui has become highly popular in Israel’s major population centers due to their mutually beneficial nature: Local governments address the housing shortage while replacing older, unsafe buildings. Owners receive rental compensation during the construction period. Existing apartment owners receive new units. As we received many requests for TAMA 38 projects, we chose to highlight a few of the TAMA 38 projects in this NL. Perhaps these properties, with their time frame, will work for you as a residential home or as an investment. We also included select resale properties as well. Coming to Israel? Please let us know your schedule to set up appointments for you. Contact Us Can you picture yourself in your own home the next time you come to Israel?Please let us know your needs so we can offer properties and projects in the neighborhoods best suited for you. Contact Us In addition to the listings on our website, www.eifermanrealty.com, we have many more properties and new projects to suit all budgets. We are available to discuss options that meet your specific needs and budget. Call for an appointment for a free consultation. Thinking of Selling – Upgrading? Downgrading? We have serious buyers possibly with the currency you want. We offer free estimates on your property. Schedule a call Contact us TAMA 38 The following are a few select properties in different neighborhoods. Please Contact Us for additional projects. GREEK COLONY New Building: Pinui Binui Some of the apartments can be combined. The 2 & 3 room apartments will have storage rooms and parking. They do not have a succah balcony. There will be a place on the grounds for a succah.2 Rooms Apartments – 47 sqm + 10.5 sqm balcony. Asking Price: NIS 2,721,000 Schedule a call Contact us 3 Rooms Apartments – 82.2 sqm with 6 sqm balcony. Asking Price: NIS 4,748,000. Schedule a call Contact us Penthouse A: 134.2 sqm with a balcony of 97.6 sqm 2 private parking spaces Asking Price: NIS 11,095,000  Schedule a call Contact us Penthouse B: 138.3 sqm with a balcony of 107.75 sqm 2 private parking spaces Expected occupancy in 4 years (2028). Asking Price: NIS 11,434,000 Schedule a call Contact us OLD KATAMON 1-Brand New Additions An existing building will undergo complete renovation. Additional 2 new floors, 4 and 5, will be added to the renovated building. The building will have a Shabbat elevator. There is a possibility for a storage room. There is no private parking. At this stage there is a chance to add your personal preferences as the changes can still be made to the floorplan. Expected occupancy in 4 years (Summer 2028) The following 4 apartments remain for sale: 4th Floor: 3 Room Apartments a- 84.5 sqm with a 10.5 sqm succah balcony Asking Price: NIS 3,980,000  Schedule a callSchedule a call Contact us b- 89 sqm with a balcony of 26.5 sqm of which 20 sqm is a succah Asking Price: NIS 4,448,000 Contact us c- 104 sqm + 23 sqm balcony of which 13.5 sqm is a succah. Asking Price: 5,066,000 NIS Schedule a call Contact us 5th Floor: 3 Room Apartment d- 101 sqm with very spacious 31 sqm succah balcony Asking Price: N,032,000 Schedule a call Contact us Garden Apartment – A 81.8 sqm 3 room apartment + 14 sqm garden. Asking Price: NIS 5,202,000 Schedule a call Contact us 2- Only Two Remaining Apartments! In an existing renovated building. Each apartment has a private parking place. The building has a Shabbat elevator. Occupancy: Summer 2025.1-A 116 sqm 4 room apartment with 8 sqm succah balcony. Full of sun and light and excellent air ventilation with 3 air exposures. There is an option to convert the apartment to 5 rooms. On the 4th floor Asking Price: NIS 7,350,000 Schedule a call Contact us 2- A 97 sqm 4 room apartment with 6 sqm balcony (no succah). Full of sun and light and excellent air ventilation with 3 air exposures. On the 4th floor. Asking Price: NIS 6,250,000 Schedule a call Contact us KIRYAT SHMUEL 1- Great Investment Opportunity Presale: Opportunity to take advantage of an attractive price for a new apartment in an existing building project. The apartment will be 50 sqm with 2 spacious rooms + a succah balcony of 5.5 sqm and a storage room of 5 sqm. On the 4th floor. The building is handicap accessible and has a Shabbat elevator. Centrally located on a quiet street surrounded by greenery. Just a short walking distance to Rechavia and Sacher Park. Occupancy: October 2027. Option of payment terms: 20/80 Asking Price: NIS 2,400,000 Schedule a call Contact us 2- Rebuilt & Spacious Currently a 60 sqm apartment in an existing building under construction that will be a spacious 92 sqm 3 bedroom apartment. The 12 sqm balcony adds extra space for entertaining and family activities. On the 1st floor, bright, light and airy with 3 excellent air exposures, S E and W. The apartment will need to be renovated after the construction is completed. The floorplan is a basic draft that can be modified. A nice bonus is a large 10 sqm storage room Construction Completion: December 2024. Asking Price: NIS 3,900,000 Schedule a call Contact Us KATAMONIM New Apartment – Excellent Price An opportunity to acquire a new 127 sqm 3 bedroom apartment with 2 bathrooms and an 11 sqm balcony (not succah). The apartment is on the 19t floor. The building has 2 elevators, one of which is a Shabbat elevator. The buyer will receive monthly rent according to an appraiser’s assessment. In addition, the buyer will receive an exemption from management fees for 10 years. The building will have storage rooms and parking for some of the apartments. The construction work will begin in the coming year, permit expected within 6 months. Expected Occupancy: August 2027 Asking Price: NIS 3,300,000 Schedule a call Contact us GIVAT ORANIM Opportunity of Growth & Renewal Currently, a 103 sqm 3 bedroom apartment on the 2nd floor in an existing building project. Upon completion, the apartment will be 128 sqm with 4 bedrooms, a large living room and a 12 sqm balcony. In addition, the apartment has a storage room and a private parking space. The building has 2 elevators, 1 will be a Shabbat elevator. Occupancy: January 2027 Asking Price: NIS 5,800,000 Schedule a call Contact us GIVAT MORDECHAI Renewal with Significant Expansion Currently a 2 bedroom apartment of 60 sqm in a building undergoing renovation. Upon completion of renovations, the apartment will be 85 sqm, 3 bedrooms with a 5 sqm storage room and succah balcony. Conveniently located on the 1st floor. There is no private parking. Occupancy: 6 months Asking Price: NIS 2,450,000 Schedule a call Contact us FRENCH HILL New to the Market & Great For Investment! Pinui Binui – Currently a well maintained 57 sqm apartment with 2 comfortable bedrooms on the 2nd floor. Upon construction completion, the apartment will be 82.5 sqm plus a storage room and private parking, which will substantially increase the property value. The apartment is conveniently located on a street adjacent to the light rail with access to public transportation for easy commuting. Additionally, a variety of shops and restaurants are just a short walk away, offering numerous dining and shopping options. Whether you’re looking for a comfortable home or a smart investment, this apartment is an excellent choice. Projected completion: 2030 Asking Price: NIS 2,350,000 Schedule a call Contact us RESALES MISHKENOT HA’UMA Spacious Garden Apartment A beautiful 163 sqm 5 bedroom apartment on one level + a 130 sqm private garden. This charming apartment offers full climate control – featuring heated floors and a mini central A/C. There are 2 parking spaces and a storage room close to the parking for additional convenience. There is a gym in the building, sauna, and a special room for residents (for activities, events, etc) Asking Price NIS 8,500,000 Schedule a call Contact us ARNONA Charming Renovated Apartment Lovely 110 sqm 4 bedroom apartment, spacious and airy with lots of natural light. facing an open view. The 12 sqm succah balcony is conveniently off the living and dining areas adding additional space for entertaining and family activities. On the 2nd floor, the apartment has a storage room and private parking space. The building has a Shabbat elevator. Asking Price NIS 3,400,000 Schedule a call Contact us BAKA New With An Excellent View A new 94 sqm apartment with 2 bedrooms, 2 bathrooms and has an additional internal room used as a den. Lots of natural light and excellent views. The balcony of about 5 sqm has an opening for a succah. On the 5th floor with excellent open views overlooking the city. The apartment has a private storage room. The building has parking available for building residents. Asking Price: NIS 4,200,000 Schedule a call Contact us MEKOR CHAYIM Comfortable Home in a Central Location Spacious renovated 80 sqm 2.5 bedrooms apartment with 2 bathrooms (including a master suite). Plenty of natural light on the 2.5th floor. The apartment has a private parking space. In a prime and highly desirable location with urban convenience and yet it retains its green pastoral ambience. Close to Hadar Mall and excellent shopping venues, as well as synagogues and transportation. Asking Price: NIS 2,880,000 Schedule a call Contact us LINK TO PREVIOUS NEWSLETTERS NL #188 NL #187 NL #186 |
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