214 YAFFA ST - PENTHOUSE

₪17,200,000

CROWN JEWEL OF YAFFA

A true unique gem this exceptional 400 sqm penthouse is sure to impress boasting breathtaking views that never get old in the very heart of Jerusalem while the expansive layout presents outstanding renovation and design potential.

Property Description:

7 Bedrooms
3.5 Bathrooms
6 Bonus rooms (can be converted into bedrooms)
Stand alone sauna shower and jacuzzi bath
South facing large sukkah balcony
Sun drenched panoramic bay windows
Large separate custom built modern kitchen
Large dining room
Fully tiled
High ceilings
Shabbat elevator building
Secured entrance

Location:

Central Bus station 3 min walk
Machan Yehuda Marker (SHUK) - 7 min walk
Center of town - 12 min
Old city - 20 minutes
Light rail stop outside the building

A rare opportunity to acquire a landmark penthouse with scale, light, and unmatched upside in one of Jerusalem’s most dynamic and sought after locations.

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URBAN RENEWEL INVESTMENT OPPURTUNITY

STRATEGIC LOCATION & DEVELOPMENT DRIVERS

Surrounded by major large-scale developments across:

Employment hubs
Commercial centers
Residential projects
Hospitality and mixed-use developments
Area undergoing accelerated transformation supported by municipal planning and private capital

MARKET MOMENTUM

Rapidly growing neighborhood with increasing demand
Steady inflow of local and international real estate investment
Rising interest from developers, investors, and end-users
Clear trajectory toward long-term capital appreciation

FUTURE APPRECIATION POTENTIAL

Property is located within a designated urban renewal zone approved for demolition and redevelopment.
Significant value appreciation expected as planning and execution phases advance.
Appreciation driven by zoning uplift and redevelopment rights, not solely market cycles

WHY THIS INVESTMENT MATTERS?

Urban renewal zones historically deliver above-market appreciation
Redevelopment creates value beyond renovation
Multiple exit strategies:
Capital appreciation resale
Subdivision or reconfiguration
Long-term rental hold
Participation in future redevelopment

Rights-Based Penthouse Investment With Embedded Development Upside

Adjacent land originally designated for parking has been fully rezoned for constructiontion the penthouse owner holds 1.5% of the total rights, translating into a quantifiable sqm allocation upon realization.

Ownership Allocation: 1.5%
Total Approved Buildable Area: ~22,700 sqm
Gross Allocation: ~340 sqm
Additional Commercial / Service Area: ~50 sqm
Net Residential Area: ~250 sqm

Conservative Valuation: ₪25,000 / sqm
Derived Apartment Value: ₪6,250,000

*Nearby Market Sales: ₪60,000–₪70,000 / sqm

9 UNIT CONCEPTUAL CONVERSION PLANS AND RENDER

Plans shown are conceptual only and intended to demonstrate potential development possibilities, subject to approvals, design, and planning permissions.