Overview of Verubyu Shinchuu No (ヴェルビュ新中野)
Verubyu Shinchuu No (ヴェルビュ新中野) is a 32-year-old condominium located at Nakanoku Honchou 4 Choume 30-16 (中野区本町4丁目30-16), Tokyo, Japan. Built in 1994, it comprises 74 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Yamato Kensetsu , Asanuma Kumi (大和建設、 淺沼組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 1,060〜5,380万円 (approx. $70,667–$358,667 USD at ¥150/$).
Unit sizes range from 16.9–84.4 sqm (182–908 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥104.4万/sqm (approx. $6,961/sqm or $647/sqft).
Location & Neighborhood
The property is located at Nakanoku Honchou 4 Choume 30-16 (中野区本町4丁目30-16), Tokyo, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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.
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