Overview of Apagaadenkooto Higashi Niigata (アパガーデンコート東新潟)
Apagaadenkooto Higashi Niigata (アパガーデンコート東新潟) is a 28-year-old condominium located at Niigatashi Higashiku Nakajima 2 Choume 1-27 (新潟市東区中島2丁目1-27), Niigata, Japan. Built in 1998, it comprises 136 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Apa Kensetsu (アパ建設).
Pricing & Floor Plans
Based on 31 past listings, prices have ranged from 1,040〜3,380万円 (approx. $69,333–$225,333 USD at ¥150/$).
Unit sizes range from 64.2–122.8 sqm (691–1322 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥23.5万/sqm (approx. $1,567/sqm or $146/sqft).
Location & Neighborhood
The property is located at Niigatashi Higashiku Nakajima 2 Choume 1-27 (新潟市東区中島2丁目1-27), Niigata, Japan. It is a 2-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 136 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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