This apartment in the Old North sits inside a newly completed luxury project on Varmiza Street — a contemporary 6-floor building with a high-specification finish throughout that stands above the standard resale stock available in this part of the city. The apartment spans 83 sqm across a well-configured 3-room plan: an open living and dining area, a fully fitted kitchen, and a master suite with en-suite bathroom. A MAMAD safe room is integrated into the layout — a reinforced security room that also functions as a third room within the apartment’s footprint. A 12 sqm balcony extends directly from the main living area. Lift access and underground parking, registered in Tabu as part of the unit, complete the specification.
For buyers considering Old North Tel Aviv as both an investment and a primary residence, this apartment in the Old North offers a clear advantage: new-build quality, Tabu-registered parking, and a MAMAD together remove the financing and security concerns that often make older resale properties harder to acquire or let. The property is currently occupied by residents and is available for purchase. The combination of a well-located new project, a strong rental market, and a building specification designed to the current standard makes this equally suited to an investor or an owner-occupier looking to move into one of Tel Aviv’s most established and in-demand residential streets. Contact the Ronkin team to arrange a viewing.
Highlights
- 3 rooms, 83 sqm + 12 sqm balcony
- New luxury project, high-specification finish
- Underground parking registered in Tabu
- MAMAD safe room
- Elevator
- Strong investment and owner-occupier appeal
Neighborhood: Old North
The Old North is one of Tel Aviv’s most reliably in-demand residential neighbourhoods — a calm, tree-lined area stretching from Gordon Beach and the seafront streets toward the quieter residential pocket around Ben Yehuda and Jabotinsky. The area draws a wide mix of young professionals, long-term Tel Aviv residents, and international buyers attracted by walkability, beach proximity, and a neighbourhood character that has remained consistent across market cycles. Rental demand for well-located, new-build stock is strong year-round, and properties with parking and security infrastructure are absorbed quickly when they come to market. For buyers comparing areas across the city, our guide to the best areas to buy in Tel Aviv is a useful starting point, and our guide to buying as a foreigner in Israel covers the full purchase process.
