Overview of Makku Koamichou Kooto (マック小網町コート)
Makku Koamichou Kooto (マック小網町コート) is a 43-year-old condominium located at Chuuouku Nihonbashi Koamichou 16-18 (中央区日本橋小網町16-18), Tokyo, Japan. Built in 1983, it comprises 26 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainichi Sei Kensetsu (大日成建設).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 880〜5,480万円 (approx. $58,667–$365,333 USD at ¥150/$).
Unit sizes range from 21.2–44.2 sqm (228–476 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).
Estimated price per sqm: ¥113.3万/sqm (approx. $7,555/sqm or $702/sqft).
Location & Neighborhood
The property is located at Chuuouku Nihonbashi Koamichou 16-18 (中央区日本橋小網町16-18), 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 43 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.
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