David Gefner Buys Luxury Real Estate in Jerusalem: Major Deal in the Housing Market
In the center of the Israeli capital, one of the largest luxury real estate deals in recent years has been completed. American businessman and Hasid David Gefner, a resident of New York, has acquired nearly an entire six-story residential building located at 28 King David Street in the Talbiya neighborhood. The total value of the transaction, conducted in stages over two years, amounted to approximately 145 million shekels.
The building, constructed in the 1920s, is an architectural heritage site. While the stone facade has been preserved in its original form, the house has undergone significant modernization over the last decade: additional floors were added, an elevator was installed, and underground parking was provided. The total area is approximately 3,000 m², including six spacious apartments and commercial premises on the ground floor.
David Gefner, who is about 30 years old, is known as the founder of the Perigrove investment fund and a partner of the well-known entrepreneur Yoely Landau. Acquisitions of the property began in 2024, when he purchased two apartments on the middle floors and roof rights for 43 million shekels. In 2025, Gefner closed a deal to acquire the penthouse and additional apartments for a total of 46 million shekels. Ultimately, Gefner became the owner of almost the entire building; negotiations are currently underway to acquire the remaining commercial spaces.
According to sources, some of the apartments will be used by the businessman’s family during visits to Israel, while the rest are planned to be offered for long-term lease following renovations.
