Overview of Furekkusu Itabashi (フレックス板橋)
Furekkusu Itabashi (フレックス板橋) is a 36-year-old condominium located at Itabashiku Shimizuchou 77-3 (板橋区清水町77-3), Tokyo, Japan. Built in 1990, it comprises 24 units in a 鉄骨造 structure. It was constructed by Gunpou Kougyou (群峰工業).
Pricing & Floor Plans
Based on 49 past listings, prices have ranged from 500〜1,360万円 (approx. $33,333–$90,667 USD at ¥150/$).
Unit sizes range from 15.8–19.0 sqm (170–205 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 1R (Studio).
Estimated price per sqm: ¥46.2万/sqm (approx. $3,080/sqm or $286/sqft).
Location & Neighborhood
The property is located at Itabashiku Shimizuchou 77-3 (板橋区清水町77-3), 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 36 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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