Overview of Nakano Purinsumanshon (中野プリンスマンション)
Nakano Purinsumanshon (中野プリンスマンション) is a 39-year-old condominium located at Nakanoku Nakano 5 Choume 49-8 (中野区中野5丁目49-8), Tokyo, Japan. Built in 1987, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Touyou Kensetsu (東洋建設).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 2,830〜5,680万円 (approx. $188,667–$378,667 USD at ¥150/$).
Unit sizes range from 42.3–50.8 sqm (455–547 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), 1SDK (1-bedroom w/ dining-kitchen + service room), 2K (2-bedroom w/ kitchen), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥105.0万/sqm (approx. $6,999/sqm or $650/sqft).
Location & Neighborhood
The property is located at Nakanoku Nakano 5 Choume 49-8 (中野区中野5丁目49-8), Tokyo, Japan. It is a 6-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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