Overview of Monaaku Daini Suginami (モナーク第二杉並)
Monaaku Daini Suginami (モナーク第二杉並) is a 44-year-old condominium located at Suginamiku Hori No Nai 2 Choume 1-45 (杉並区堀ノ内2丁目1-45), Tokyo, Japan. Built in 1982, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Tanaka Kensetsu (田中建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,250〜4,480万円 (approx. $83,333–$298,667 USD at ¥150/$).
Unit sizes range from 30.8–53.5 sqm (332–576 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), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥88.2万/sqm (approx. $5,877/sqm or $546/sqft).
Location & Neighborhood
The property is located at Suginamiku Hori No Nai 2 Choume 1-45 (杉並区堀ノ内2丁目1-45), 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 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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