Overview of Monaakumanshon Tamachi (モナークマンション田町)
Monaakumanshon Tamachi (モナークマンション田町) is a 43-year-old condominium located at Minatoku Shibaura 2 Choume 14-19 (港区芝浦2丁目14-19), Tokyo, Japan. Built in 1983, it comprises 36 units in a Reinforced Concrete (RC) structure. It was constructed by Hanayama Koumuten (花山工務店).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥121.6万/sqm (approx. $8,106/sqm or $753/sqft).
Location & Neighborhood
The property is located at Minatoku Shibaura 2 Choume 14-19 (港区芝浦2丁目14-19), 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 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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