Overview of Nisshin Paresu Nakano (日神パレス中野)
Nisshin Paresu Nakano (日神パレス中野) is a 39-year-old condominium located at Nakanoku Nakano 5 Choume 1-18 (中野区中野5丁目1-18), Tokyo, Japan. Built in 1987, it comprises 33 units in a Reinforced Concrete (RC) structure. It was constructed by Inokuchi Kensetsu (井口建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 980〜4,880万円 (approx. $65,333–$325,333 USD at ¥150/$).
Unit sizes range from 19.4–69.5 sqm (209–748 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: ¥81.5万/sqm (approx. $5,437/sqm or $505/sqft).
Location & Neighborhood
The property is located at Nakanoku Nakano 5 Choume 1-18 (中野区中野5丁目1-18), Tokyo, Japan. It is a 8-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 39 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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