FOR SALE
214 JAFFA ST - PENTHOUSE
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.
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.
Property Description:
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7 Bedrooms
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3.5 Bathrooms
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6 Bonus rooms (can be converted into bedrooms)
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Stand alone sauna shower and jacuzzi bath
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South facing large sukkah balcony
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Sun drenched panoramic bay windows
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Large separate custom built modern kitchen
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Large dining room
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Fully tiled
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High ceilings
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Shabbat elevator building
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Secured entrance
Location:
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Central Bus station 450 m
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Machan Yehuda Marker (SHUK) 800 m
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Center of town - 1.5 km
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Old city - 2.5 km
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Gan Sachar 1 km
Closest public transportation4
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Light Rail Stop (HaTurim) - 40 m
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Bus Stop (HaTurim) 75 m
URBAN RENEWEL INVESTMENT OPPURTUNITY
FUTURE APPRECIATION POTENTIAL
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Property is located within a designated urban renewal zone approved for demolition and redevelopment
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Significant value appreciation expected as planning and execution phases advance
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Appreciation driven by zoning uplift and redevelopment rights, not solely market cycles
STRATEGIC LOCATION & DEVELOPMENT DRIVERS
Surrounded by major large-scale developments across:
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Employment hubs
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Commercial centers
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Residential projects
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Hospitality and mixed-use developments
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Area undergoing accelerated transformation supported by municipal planning and private capital
MARKET MOMENTUM
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Rapidly growing neighborhood with increasing demand
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Steady inflow of local and international real estate investment
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Rising interest from developers, investors, and end-users
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Clear trajectory toward long-term capital appreciation
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
WHY THIS INVESTMENT MATTERS?
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Urban renewal zones historically deliver above-market appreciation
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Redevelopment creates value beyond renovation
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Multiple exit strategies:
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Capital appreciation resale
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Subdivision or reconfiguration
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Long-term rental hold
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Participation in future redevelopment
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.