Overview of Reebenhaimu Nishiarai Ain (レーベンハイム西新井アイン)
Reebenhaimu Nishiarai Ain (レーベンハイム西新井アイン) is a 24-year-old condominium located at Adachiku Nishiarai 7 Choume 7-10 (足立区西新井7丁目7-10), Tokyo, Japan. Built in 2002, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Itou Kumi Doken (伊藤組土建).
Pricing & Floor Plans
Based on 36 past listings, prices have ranged from 1,580〜4,180万円 (approx. $105,333–$278,667 USD at ¥150/$).
Unit sizes range from 56.2–65.7 sqm (605–707 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥57.1万/sqm (approx. $3,807/sqm or $354/sqft).
Location & Neighborhood
The property is located at Adachiku Nishiarai 7 Choume 7-10 (足立区西新井7丁目7-10), Tokyo, Japan. It is a 6-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 24 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.