Overview of Shiteihausu Nakano (シティハウス中野)
Shiteihausu Nakano (シティハウス中野) is a 23-year-old condominium located at Nakanoku Arai 4 Choume 2-3 (中野区新井4丁目2-3), Tokyo, Japan. Built in 2003, it comprises 49 units in a Reinforced Concrete (RC) structure. It was constructed by Piiesu Mitsubishi (ピーエス三菱).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 4,750〜11,680万円 (approx. $316,667–$778,667 USD at ¥150/$).
Unit sizes range from 66.2–87.7 sqm (713–944 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥117.5万/sqm (approx. $7,833/sqm or $728/sqft).
Location & Neighborhood
The property is located at Nakanoku Arai 4 Choume 2-3 (中野区新井4丁目2-3), Tokyo, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
Analyze this property's fair price and negotiation room for free at RE:public.