An extraordinary real estate transaction in a prestigious building in Jerusalem: David Gaffner, an ultra-Orthodox businessman from New York, made a phased purchase spread over about two years, during which he purchased most of the apartments in a unique, preservation-oriented building at 28 King David Street - for a total price of about 145 million shekels.
This is an impressive stone building that was built in the 1920s, and in the last decade it has undergone an expansion while maintaining its architectural character, adding new floors, an elevator, and an underground parking garage. Today, the building has six floors and includes six apartments above commercial units, with a total built-up area of approximately 3,000 square meters.
According to a report by Ranit Nachum-Halevi in 'The Marker'', Geffner - the partner of businessman Yoeli Landau of Satmar - began making deals in the building as early as 2024, when he completed the first two deals. In July 2025, he purchased two additional apartments and later purchased almost the entire building, with the exception of three commercial units, for which negotiations are also underway.
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Gaffner, in his 30s, is an ultra-Orthodox businessman and the founder of Perigrove Investment Fund, which operates primarily in the investment and healthcare sectors. His name also appears on the boards of other companies such as Gentell LLC, which operates in the healthcare technology sector.
Sources close to Geffner confirmed to The Marker the estimated total amount of the transactions in the Jerusalem building.
