US family pays NIS 5.3m for Talbieh apartment

The building is in walking distance from the Old City and the Western Wall.

An American Jewish family has paid NIS 5.3 million for a four-room apartment on Jabotinsky Street in Jerusalem’s Talbieh neighborhood. The buyers paid NIS 35,000 per square meter of built space for the 149-square meter third-floor four-room apartment with a 20-square meter balcony and 12-square meter storeroom. The building is owned by Kim Lustigman Enterprises and Construction Ltd.

A French-Israel artist bought a fourth-floor three-room apartment in the project for NIS 4.8 million a few months ago.

The building, slated for preservation by the Jerusalem Municipality, is in the final stages of redevelopment. The building is in walking distance from the Old City and the Western Wall.

Published by Globes [online], Israel business news - www.globes-online.com – on August 16, 2010

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