Overview of Manshon Tsukiji (マンション築地)
Manshon Tsukiji (マンション築地) is a 44-year-old condominium located at Chuuouku Minato 3 Choume 12-11 (中央区湊3丁目12-11), Tokyo, Japan. Built in 1982, it comprises 32 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Sakae Sangyou (サカエ産業).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,100〜4,780万円 (approx. $73,333–$318,667 USD at ¥150/$).
Unit sizes range from 26.0–64.5 sqm (280–694 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), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥104.0万/sqm (approx. $6,933/sqm or $644/sqft).
Location & Neighborhood
The property is located at Chuuouku Minato 3 Choume 12-11 (中央区湊3丁目12-11), Tokyo, Japan. It is a 4-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 44 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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