Overview of Neokoopo Sumida (ネオコーポ墨田)
Neokoopo Sumida (ネオコーポ墨田) is a 41-year-old condominium located at Sumidaku Sumida 2 Choume 20-11 (墨田区墨田2丁目20-11), Tokyo, Japan. Built in 1985, it comprises 99 units in a Reinforced Concrete (RC) structure. It was constructed by Hasegawakoumuten (長谷川工務店).
Pricing & Floor Plans
Based on 57 past listings, prices have ranged from 1,480〜3,399万円 (approx. $98,667–$226,600 USD at ¥150/$).
Unit sizes range from 48.0–68.8 sqm (517–741 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥61.8万/sqm (approx. $4,119/sqm or $383/sqft).
Location & Neighborhood
The property is located at Sumidaku Sumida 2 Choume 20-11 (墨田区墨田2丁目20-11), 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 41 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 99 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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