Description

Location

Just off the Kikar Hashabbos junction, Yeshayahu street leads away from the hustle and bustle of Geula and is the outlying border of Zichron Moshe.

Meah Shearim and the Zichron Moshe neighborhoods retain the authentic vibe of Yerushalayim of yesteryear. It’s nigh but impossible to find a bit of cobblestone on which to build on in the area.

So you know; this is an opportunity that won’t come around again!

The city recently modernized and renewed parts of the neighborhood; laying down new pavements, updating sewage systems amongst other aesthetic improvements.

Did you know?

• Yeshayahu St. is a little known yet central, rare and peaceful oasis nestled between Meah Shearim and Zichron Moshe.
• Meah Shearim has more Chassidic courts in its narrow streets than any city in the world.
• The legendary Friday night shiur of the Maggid, Harav Shalom Schwadron zt”l started in the Zichron Moshe shtieblach.

About

You can cash in with this unique investment opportunity.

The building, originally a two-story, built 50 years ago is in excellent structural condition. Covered in iconic white Jerusalem stone with a partial slate roof, another two stories were added on twenty years ago.

The building boasts modern and high quality finishing touches, central heating, and air conditioning and an elevator; all unusual for this neighborhood. There’s an operational simcha hall on the basement level.

Recent zoning and planning changes allow for the building to be subdivided into 6 apartments Building rights of the property belong to a private individual.

Details

Lot: 3836.2577 sq. ft.

Permits allow for 6 apartments above basement level for a total of 6652.1 sq. ft.

Price

$5,000,000

Avg. price in area – $7,700 per 11 sq. ft.