A rare opportunity to own a well-located apartment on Basel Street in Tel Aviv's sought-after Old North, offered directly by the owner with no brokerage fee.
A bright and spacious 70 sqm, 2.5-room apartment on Basel Street, in the heart of Tel Aviv's highly sought-after Old North.
Located on the 2nd floor of a 4-story building, the apartment is front-facing and features high ceilings, good natural light and a functional layout. It includes a spacious living room, separate kitchen area, one bedroom and a small enclosed balcony connected to the bedroom. The layout also offers the possibility of creating a 3-room apartment.
The apartment is currently rented for ₪6,800 per month, providing immediate rental income.
A building transformation already in the works:
The building is undergoing an advanced TAMA 38 redevelopment process. The project will give the entire building a major exterior facelift and modern new appearance, with two additional floors and a new elevator.
As part of the project, the apartment is expected to benefit from:
• A new 10–12 sqm balcony
• A significant upgrade to the apartment, including a new kitchen and an upgraded bathroom
• A new elevator serving the building
• Rental compensation during the construction period
Prime Basel location:
Basel Street is one of Tel Aviv's most desirable residential areas, known for its cafés, restaurants, boutiques and neighborhood atmosphere, just walking distance from the beach and Hayarkon Park.
Property highlights:
• Prime Basel location
• Approximately 70 sqm
• 2.5 rooms
• 2nd floor
• High ceilings and natural light
• Front-facing
• Currently rented for ₪6,800/month
• TAMA 38 redevelopment with a complete building facelift, new elevator, future 10-12 sqm balcony, new kitchen and an upgraded bathroom
• Private sale - no buyer brokerage fee
Asking price: ₪3,950,000
Serious buyers are welcome to request additional information and documentation regarding the redevelopment project and arrange a viewing.
