One of Old North’s most characterful residential pockets sits at the corner of Pincas and Miriam HaHashmonait — and this third-floor apartment, south-west facing with a front elevation, is a genuine old north renovation opportunity for buyers who know how to read the market. At 88 sqm gross (including closed balcony), the layout is practical and workable, with natural light throughout the day. The building dates to an era when rooms were built with proportion and height in mind — a quality that carries weight with both owner-occupiers and investors looking to renovate and hold in one of Tel Aviv’s most established neighbourhoods.
The deeper investment case is in the building itself. Tama 38 urban renewal proceedings are already underway — resident signatures are in place and a permit application has been submitted, though the committee decision is still ahead. The current asking price does not reflect where this building is heading. For buyers comfortable with investment property in Tel Aviv that requires a renovation budget and some patience, this old north renovation opportunity is priced for today, not for the building’s trajectory. Neither elevator nor parking is included — both reflected in the price point. Ronkin works with foreign buyers through the full acquisition process, including legal introductions and purchase tax guidance.
Highlights
- 3 rooms, 88 sqm (gross, including closed balcony)
- Third floor, south-west facing, front position
- Tama 38 process initiated — signatures in, permit application filed (pre-committee stage)
- Full renovation required
Neighbourhood: Old North
Old North is one of Tel Aviv’s most established residential neighbourhoods — a compact, tree-lined area running between HaYarkon Park to the north and the Ben Yehuda corridor to the south. The corner of Pincas and Miriam HaHashmonait sits at the heart of this pocket, within walking distance of the park entrance and the daily rhythm of Nordau Boulevard. The Old North Tel Aviv neighbourhood draws buyers who want genuine urban texture — older buildings, walkable streets, a strong local community — alongside the long-term value appreciation that has defined this area for decades. A planned future light rail station on Ibn Gavirol adds an infrastructure dimension to an already well-connected location. For buyers thinking in terms of a ten-year hold, Old North consistently performs.
