Overview of Nyuukoopo Nyuujou Ichiban Kan (ニューコーポ入場一番館)
Nyuukoopo Nyuujou Ichiban Kan (ニューコーポ入場一番館) is a 37-year-old condominium located at Nagoyashi Minatoku Nyuujou 1 Choume 1405 (名古屋市港区入場1丁目1405), Aichi, Japan. Built in 1989, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumimei Furuya Shiten (新井組名古屋支店).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 650〜1,890万円 (approx. $43,333–$126,000 USD at ¥150/$).
Unit sizes range from 71.2–88.8 sqm (766–956 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥15.1万/sqm (approx. $1,009/sqm or $94/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Nyuujou 1 Choume 1405 (名古屋市港区入場1丁目1405), Aichi, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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