These are small plots of 70-140 square meters, right next to the Jerusalem Light Rail line. Registered in Tabu (Israel Lands Registry)
200 meters from the Tomb of Shimon Hatzaddik.
Nachalat Shimon is just north of Jerusalem's old city, about 50 meters from road number 1 (the main thoroughfare of Jerusalem) and about 300 meters from the Meah Shearim and Tzameret Habirah neighborhoods. The neighborhood is mere meters from the Jerusalem light rail, 3 kosher hotels, and the new national insurance headquarters. Most of the plots are owned by Jews who purchased them in the 1920's. These plots are currently being occupied by squatters who have built on them illegally or are renting. The plots are intended for future building projects.
The prices for each plot of land are $3,000-$5,000 per square meter of living space! Additional expenses:
Realtor fees (if the particular plot is handled by a realtor)
Fee paid to JCDF for its work with the government planning authorities
Note: In the Tzameret Habirah neighborhood, 100 square meter apartments are being sold for around $450,000!