New North Tel Aviv Guide for American Buyers
New North Tel Aviv Guide for American Buyers
The New North, HaTzafon HaHadash, spreads east of Ibn Gabirol Street toward Namir Road and up to the Yarkon Park. It is one of Tel Aviv's most established residential areas, known for broad tree-lined streets, green spaces and a family atmosphere. For Americans who want a quieter base than the city center while staying well connected, it is a natural candidate. This guide explains the main streets, the character of the buildings, how urban renewal is changing the area and what the buying process looks like from the United States.
Orientation Around Kikar Hamedina
Kikar Hamedina, the large circular plaza lined with luxury boutiques, is the best-known landmark here. From it, residential streets fan out toward Weizmann Street, Pinkas Street and Yehuda HaMaccabi, the neighborhood's lively local shopping street with bakeries, cafes and family businesses. Tel Aviv Sourasky Medical Center, known as Ichilov, sits on Weizmann Street at the southern edge.
Buildings and Housing Types
Much of the New North was built out in the decades after independence, and many streets are lined with three- and four-storey apartment blocks, often on pillars, with gardens and balconies. Along the main roads and around the edges, newer residential towers and mid-rise buildings offer modern amenities.
Because so many buildings are of a similar generation, the area has seen strong interest in TAMA 38 and pinui-binui, and buyers will encounter buildings at every stage from original to fully rebuilt.
Planning Your Search From the United States
Distance is manageable if you prepare. Before flying to see New North, agree on your non-negotiables, such as a safe room, elevator, parking or a particular floor, and share them with the people helping you. Listings in Tel Aviv move fast, and a clear brief lets a local team filter out what does not fit.
It also helps to open an Israeli bank account early, since transfers from American banks and the compliance questions that come with them can take longer than expected.
Life in the Neighborhood
The New North feels more residential than the areas nearer the sea. Mornings on Yehuda HaMaccabi are busy with parents and children, and evenings are quiet. Yarkon Park is a short walk or bike ride from most addresses, and the neighborhood has a wide range of public schools, community centers and sports facilities.
Access and Commuting
Namir Road and the Ayalon Highway connect the New North to the rest of the metropolitan area, and Tel Aviv University and Savidor Center train stations are close by. Buses along Ibn Gabirol, Weizmann and Pinkas link the neighborhood to the city center and the business district around Menachem Begin Road.
Status Matters Resident New Immigrant or Foreign Buyer
The rules that apply to you in New North can change depending on whether you buy as a foreign resident, as an Israeli resident or after making aliyah. Purchase tax brackets, eligibility for certain mortgage terms and some benefits for new immigrants are connected to status, and the details are technical and subject to change.
For that reason we treat every tax or benefit question as something to confirm in writing with an Israeli lawyer and tax advisor, alongside your US CPA. Our role is to make sure the property itself is sound and the deal structure is realistic, and to connect you with professionals who can answer the personal questions.
Frequently asked questions
Is the New North quieter than the Old North
Generally yes. It is further from the beach nightlife and has a more family-oriented feel, while still being close to the city center.
Will I find new buildings in the New North
Yes. Alongside original apartment blocks there are towers, newer mid-rise buildings and many buildings renewed through TAMA 38 or pinui-binui.
Do I need to be in Israel to complete the purchase
Not necessarily. A properly executed power of attorney can allow your lawyer to sign on your behalf, though most buyers prefer to view the property in person at least once.
Who should advise me on taxes
An Israeli tax advisor for Israeli obligations and a US CPA for your American returns. The two should coordinate, and we can help connect them.
Elkayam Group
At Kobi Elkayam Real Estate Ltd, part of the Elkayam Group, we draw on a three-generation family background and daily work in Tel Aviv development and urban renewal, including TAMA 38, pinui-binui, combination and complex deals. Backing companies and partners allow us to provide guarantees where a deal requires them. American clients work with our team in English, and we also work in Hebrew and French.
Contact Elkayam Group to discuss your plans for New North and receive a tailored shortlist.
+972-53-658-4252 · support@kobielkayamrealestateltd.com · Rival St 37, Tel Aviv