For Sale: 3-Room Apartment in an Advanced Urban Renewal Project – Pat Junction, Jerusalem

For sale: 3-room apartment located in the “Pat Junction” area of Jerusalem, in a building signed for an advanced “Build-Vacate” urban renewal project initiated and led by Kramim.

Current apartment details:

• Size: 65 sqm built

• Floor: 6 out of 8, with elevator

• Potential monthly rent: ₪6,000

Project status:
Tenant agreements for the “Build-Vacate” plan have been signed for the “Pat Triangle” complex, which is in an advanced planning stage, pending final zoning (TABA) approval.
Estimated demolition: ~2.5 years.

Post-renewal apartment details:

• 103 sqm built

• 12 sqm balcony

• Underground parking space

• Storage room

Location highlights:
Adjacent to the future light rail station (currently under heavy construction), Almalih Park, Teddy Stadium, Pais Arena, Malha Mall, with fast access to all parts of Jerusalem and major routes out of the city.

Project media:
Promotional video (YouTube): Watch here
Planning & construction authority details: View here
Developer’s website: Karta Group – Pat Triangle

Investment potential:
New apartments near the planned project are currently selling for around ₪40,000 per sqm, based on transactions in two adjacent projects:

• SOHO Jerusalem

• Berger Towers
  (Prices in these projects can be checked for reference.)