Overview of Maatorukooto Shinjuku Wakamiyachou (マートルコート新宿若宮町)
Maatorukooto Shinjuku Wakamiyachou (マートルコート新宿若宮町) is a 28-year-old condominium located at Shinjukuku Wakamiyachou 26-3 (新宿区若宮町26-3), Tokyo, Japan. Built in 1998, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 8 past listings, prices have ranged from 6,230〜13,200万円 (approx. $415,333–$880,000 USD at ¥150/$).
Unit sizes range from 62.9–101.5 sqm (677–1093 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥157.5万/sqm (approx. $10,501/sqm or $976/sqft).
Location & Neighborhood
The property is located at Shinjukuku Wakamiyachou 26-3 (新宿区若宮町26-3), Tokyo, Japan. It is a 5-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 28 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.