Overview of Nyuukoopo Shouin (ニューコーポ松蔭)
Nyuukoopo Shouin (ニューコーポ松蔭) is a 35-year-old condominium located at Nagoyashi Nakagawa Ku Shita Yuki Isshoku Machi 3 Choume 9 (名古屋市中川区下之一色町3丁目9), Aichi, Japan. Built in 1991, it comprises 54 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 680〜1,780万円 (approx. $45,333–$118,667 USD at ¥150/$).
Unit sizes range from 66.5–78.0 sqm (716–840 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥11.9万/sqm (approx. $793/sqm or $74/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Shita Yuki Isshoku Machi 3 Choume 9 (名古屋市中川区下之一色町3丁目9), Aichi, Japan. It is a 25-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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