The Syrian Jewish community in Brooklyn has made a historic real estate move in Jerusalem, purchasing two entire residential towers currently under construction near the Machane Yehuda shuk. The deal, valued at up to NIS 1 billion (approximately $270 million), is believed to be among the largest private real estate transactions ever completed in Israel.
The purchase was made by OP Jerusalem with the goal of creating a central hub in Eretz Yisrael for the Syrian Jewish community, primarily families from Brooklyn and Deal, New Jersey. The apartments will also be marketed to other Sephardic communities, including Moroccan and Persian Jews, as well as Syrian Jews from Panama and Mexico, though sales are open to the broader Jewish public as well.
The project includes 200 luxury apartments across two towers, part of a larger four-building complex adjacent to the shuk. Planned amenities include a shul, mikvah, full-time doorman, gym, children’s play areas, communal halls, and rooftop terraces. Apartment prices range from about $1 million for a one-bedroom to $3.7 million for larger family units.
About 70% of the apartments have already been sold, with completion expected in roughly five years. Many buyers plan to divide their time between Israel and the U.S., with high occupancy anticipated during Yomim Tovim.
The deal comes as Israel’s housing market has cooled, making the successful sale of two full towers particularly notable.
Did DIN reword this article to fit his agenda? The article that I saw was kind of dramatic how Israel’s real estate market is mamash toit so this is a much bigger deal than usual. That’s funny because listening to DIN you’d think the whole Golus are tripping over each other to make aliyah & fighting over the few scarce apts! There was no mention of the Moroccans until I read the DIN version. Maybe DIN wishes those Dafina Fressers will jump on the bandwagon, but if you know anything about the Brooklyn-Joisey Shore SYs there is NO way they are reaching out to invite Moroccans to live side by side with them
ReplyDeleteEd Echod!
DeleteI did not rewrite this article!
I see from your comment that you are from Zera Avraham but from his second wife Hagar!
The glee dripping from your saliva that "Israel’s real estate market is mamash toit"
The opposite is actually true, in Beit Shemesh the population is hitting 200,00 in two months, they cannot build fast enough to accommodate the Chutz Laaretzes!
Anyone taking a walk through the streets of Yerushlayim can see the feverish pace of the buildings going up!
They won't invite the Moroccans as many of them became Satmarers and live in KJ, the Satmarers who accused the Zionists of the Yemenite affair, did the same thing and convinced many Moroccans to convert to their cult so they could be married off to their bums!