Two Families Buy 11 Apartments in Netanya Project for $11 Million

Two Jewish families from Los Angeles have purchased a total of 11 apartments, including two penthouses, in the STORY Gali Yam project in Netanya, in a deal valued at approximately 40 million shekels (around $11 million USD). The transaction marks a significant investment from the diaspora.

The purchase includes nine apartments on the 15th and 18th floors, and two penthouses on the 26th and top floor of the tower. Some of the units are intended for investment purposes, while others will serve as residences for family members, some of whom already live in Netanya. All the acquired apartments offer sea views.

The apartments range from 4 to 5 rooms, with sizes between 104 and 122 square meters, each featuring a 20-square-meter sun balcony. The two penthouses are 150 square meters each, comprising 5 rooms, a 60-square-meter roof terrace, and an additional 15-square-meter balcony in the master suite.

The families join other buyers in the project, including social media star and businesswoman Elin Cohen, who recently bought a 5-room apartment. The STORY Gali Yam project consists of three residential towers, two of which are 26 stories high and one is 20 stories, totaling around 300 housing units.

David Azulai, owner of the David Azulai Group, commented on the deal, stating, "This purchase is much more than a real estate transaction; it is an expression of the deep desire of Diaspora Jewry to establish its foothold and presence in Israel." He added that it "proves once again the stability and strength of the local market" and reflects a "significant momentum" from Jews worldwide seeking a combination of secure investment and quality of life.