Building, Shop for Sale streets in the Kerem HaTeimanim neighborhood

Beit Yosef Street is one of the two most sought-after residential streets in the Kerem HaTeimanim neighborhood.

It is an old neighborhood with relatively low-rise buildings compared to the rest of Tel Aviv. It is very central and within walking distance of the sea.

The plot in question measures 203 m², which is considered large compared to the lots in the neighborhood, and gives an advantage to buyers looking to complete a project.

Existing Building:

An old building renovated and currently rented as a vacant property for 40,000 yen per month.

Ground floor: 70 m² divided into 3 units.

First floor: 70 m² divided into 3 units.

Rooftop: One residential unit of 35 m² + 35 m² of attached rooftop.

Garden: an additional 30 m² unit + garden.

Demolition options:

Based on a preliminary review with an architect:

Demolition of the building and new construction.

Based on the master plan (TABA) and the architect's study, two preliminary options have been prepared for a new construction including a basement + 4 floors, for a total of 400–450 m² of built area:

A. Plan for 5 residential units + 1 commercial unit.

B. Plan for a single townhouse.