Overview of Ribaabyuu Nakamura (リバービュー中村)
Ribaabyuu Nakamura (リバービュー中村) is a 39-year-old condominium located at Nagoyashi Nakamuraku Shintomi Machi 5 Choume 1-7 (名古屋市中村区新富町5丁目1-7), Aichi, Japan. Built in 1987, it comprises 67 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Shimizukensetsu (清水建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 780〜1,580万円 (approx. $52,000–$105,333 USD at ¥150/$).
Unit sizes range from 57.5–71.1 sqm (619–765 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.1万/sqm (approx. $1,673/sqm or $155/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakamuraku Shintomi Machi 5 Choume 1-7 (名古屋市中村区新富町5丁目1-7), Aichi, Japan. It is a 10-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.
Scale advantage: With 67 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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